The Stag Hunt Game is a classic game theory model that demonstrates the tension between individual and collective incentives. In the game, a group of hunters must decide whether to hunt a stag (a large deer) or a hare (a smaller, faster animal). The stag is a more valuable target, but it is also more difficult to catch. If all the hunters cooperate and hunt the stag, they will likely succeed. However, if even one hunter decides to hunt the hare instead, the group will fail to catch the stag.
The Stag Hunt Game has been used to illustrate a variety of concepts in game theory, including the importance of cooperation, the problem of free riding, and the role of communication. It has also been used to model real-world situations, such as the decision of whether to invest in a public good or to defect to a private good.
