Another commenter made a similar suggestion, that this outcome makes sense when analyzed in a game theory framework where participants play the game repeatedly

Another commenter made a similar suggestion, that this outcome makes sense when analyzed in a game theory framework where participants play the game repeatedly and seek to maximize their long-run expected value: https://news.ycombinator.com/item?id=33830734 https://news.ycombinator.com/item?id=33830734 This "repeated games" scenario is very common in social science and economics.