What the game theory matrix looks like without the law

Reference no: EM13219817

Earlier this year, Israel passed a law requiring a minimum weight for fashion models. (Fashion models were not allowed to participate in "catwalks" if BMI was less than 18.) Using a traditional game theory 2x2 matrix, show how this law prevents a prisoner's dilemma and thereby actually makes models better off. In other words, show what the game theory matrix looks like without this law.

Reference no: EM13219817

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