Discuss i) the social dilemma we may observe in the process of the vaccination roll-out and ii) how it can be understood by game theory. To help your discussion, consider individuals who are to choose between two strategies: i) to get vaccinated now and ii) to wait and see. Your discussion must refer to the following: social dilemma prisoner’s dilemma public goods game Nash equilibrium

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Question 7

Discuss i) the social dilemma we may observe in the process of the vaccination roll-out and ii) how it can be understood by game theory. To help your discussion, consider individuals who are to choose between two strategies: i) to get vaccinated now and ii) to wait and see. Your discussion must refer to the following:

  • social dilemma
  • prisoner’s dilemma
  • public goods game
  • Nash equilibrium

 

Question 8 

Provide a potential solution to the social dilemma you discussed in Question 7. You must cite at least one reputable source from your own research. Use the source(s) to support your argument; do not simply quote the source. Include the full reference at the end of your answer, which will not count towards the word limit. Use a standard referencing system (e.g. Harvard style).

 

Question 9
Evaluate whether your proposed solution is ethically acceptable by using either a consequentialist or a deontological framework. Your discussion must include:

  • the definition of your chosen ethical framework, and
  • the reasoning behind your ethical judgement.

 

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