General Analysis of Social Dilemmas

Written by Leon Felkins, Copyright 1996
Originally written November, 1994
Revised 8/13/97


1. Green and Shapiro: Pathologies of Rational Choice Theory, pages 14-17.

2. However, it is well known that humans are notoriously inaccurate in evaluating expected value, usually choosing a sure thing of less expected value, if available, over a probable thing of greater expected value. This is commonly referred to as "risk aversion". See the Stanford Encyclopedia of Philosophy for a description of this issue.

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