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Three roommates share a kitchen. Each roommate independently decides whether to spend an hour cleaning it. The personal cost of cleaning is valued at $6. If at least one person cleans, each of the three roommates receives a benefit equivalent to $5 from having a clean kitchen. If you are one of the roommates and you decide to clean while the other two do not, what is your individual net payoff?
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.4 Strategic interactions and social dilemmas - The Economy 2.0 Microeconomics @ CORE Econ
Analysis in Bloom's Taxonomy
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Three roommates share a kitchen. Each roommate independently decides whether to spend an hour cleaning it. The personal cost of cleaning is valued at $6. If at least one person cleans, each of the three roommates receives a benefit equivalent to $5 from having a clean kitchen. If you are one of the roommates and you decide to clean while the other two do not, what is your individual net payoff?
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