A public goods game is a type of experimental game in which participants decide how much to contribute to a common pool that benefits all members, regardless of their individual contributions. This setup highlights the tension between individual self-interest and collective welfare, as participants can either choose to free ride on the contributions of others or cooperate for the greater good. The dynamics of this game illustrate critical aspects of cooperation, social dilemma, and the impact of incentives in both economic and social settings.
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