POLC38H3 Lecture Notes - Lecture 3: Nepotism, Political Machine, Clientelism
Document Summary
Corruption and violence lecture 3 notes sep 27, Incentives to diy self-interest does not always lead to the best outcome. If he confesses and names his accomplice he will get out on bail (a) What is the best outcome for the collective? (collective is the pair of prisoners, not society as a whole that wants to put the crooks in jail) The best option is that they both stay silent but that"s not in the individual"s best interest. If one knows that the other will remain silent the best option would be to rat out the other. So both staying silent is in society"s best interest, however not confessing knowing the other will not is not in the individual"s best interest. If they both confess they each get 5 years therefore the 1 year is better for society (per ado optimal?)
