Simpson-Kramer theorem

The Simpson-Kramer theorem is a result in the field of game theory and economics that highlights how individuals' choices can sometimes lead to unintentional negative outcomes for the group, despite each acting in their self-interest. It shows that when people prioritize their own preferences without considering the broader impact, it can result in inefficiencies or poor overall results for everyone involved. Essentially, it illustrates the complex interplay between individual actions and collective well-being, emphasizing the importance of cooperation and understanding in decision-making processes.