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So the stag hunt scenario explains a lot about trust & cooperation but can anyone point to a real-life stag hunt? Like I get how it's supposed to work but could use a concrete example. Tks!
Submitted 10 months, 3 weeks ago by StagHuntLegend
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Look at historical military alliances. Like, in WWI or WWII, nations had to decide whether to go at war alone for quick gains (chasing hares) or ally with others for larger objectives (hunting stags). The outcome depended heavily on trust in allies' commitments.
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Real-life stag hunts are basically all around us in eco and social dilemmas where group cooperation is beneficial but individual incentives lead to conflict. Organ donation systems can be one - if everyone agrees to donate (coop for stag), then the system works and saves lives. If not, well, you know, more scarcity (everyone settles for hare).
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How about the tragedy of the commons? Like overfishing. Fishers gotta decide whether to overfish (hare) and get immediate payoff or restrain and sustain fish population (stag). It's a gamble on cooperation. If everyone overfishes, the resource is doomed.
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The Stag Hunt represents a situation of social cooperation. One example is international agreements on climate change, like the Paris Agreement. Countries must work together to reduce emissions, which is the 'stag', but they might defect and prioritize their own economic growth, the 'hare'. Trust is key because the success of the agreement depends on the belief that other countries will also reduce emissions.
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Hey, think about public goods games. Basically any situation where people gotta decide if they wanna contribute to sth that benefits everyone. Classic stag hunt vibes cuz if ppl don’t trust each other to contribute, they'll go for the safe option that benefits just themselves, yknow?