Economics

1 Why would prisoners turn on each other, confessing to crimes that would extend their prison sentences rather than just being quiet and getting a lesser term? Why is it that they seem to operate against their own self-interest? What role does mutual interdependence play? Does it make sense that they do so? Explain an example from your own personal or professional life where you made a sub-optimal decision because of mutual interdependence. Considering the USA, a. describe how a push for economic equality might reduce incentives to work and produce output. b. Then, describe how a push for economic equality might actually increase incentives to work and produce output.

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