ABSTRACT
Policy interventions may lead to cooperation by slowing the spread of disease but involve costs such as economic losses, isolation, and loneliness. Changes in the decision-making process, especially among individuals and policymakers, have important effects on the outcome of the game. Policymakers may not initially implement strict interventions. Individuals may not abide by policy directives. The study of microeconomics is the study of individual aspects of the economy, including consumers and firms, and their interaction with one another. Game theory addresses the outcomes of strategic interaction, focusing on incentives and preferences. In 1994, John Nash, John Harsanyi, and Reinhard Selten won the Nobel Prize in Economic Sciences for their work on equilibria in noncooperative games. Strategic form games occur when players choose strategies without knowing the strategies of other players. The payoffs are established as follows: if a suspect provides evidence but the other does not, the player who provides evidence goes free.
