Explain the concept of collective action in game theory.

Explain the concept of collective action in game theory.

Collective action in game theory refers to the cooperation or coordination among individuals or groups to achieve a common goal or outcome. It involves individuals making decisions that not only consider their own self-interest but also take into account the interests and actions of others. In game theory, collective action is often analyzed through the concept of a collective action problem, where individuals face a dilemma between pursuing their own self-interest or cooperating for the greater good. The success of collective action depends on factors such as trust, communication, and the ability to enforce agreements.