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Can you think of a situation either in your own life or in politics where you could characterize the choices as in the Exit, Voice and Loyalty game? What is the deleterious change in your case, and what are the main costs and benefits of each choice? The example can be trivial and grave. If you feel up to it (not required here!), you can write the game down on a piece of paper – draw the branches etc.), assign payoffs, solve it using backward induction (more on this later) and post a description of your solution.
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