Question: In game theory, what notable work was developed by the American mathematician Merrill M. Flood that exemplifies why two individuals might find it hard to cooperate against their best interest?
Sentence (from "Prisoner's dilemma"): The prisoner's dilemma is a standard example of a game analyzed in game theory that shows why two completely "rational" individuals might not cooperate, even if it appears that it is in their best interests to do so.
Relevant evidence: Yes