Yeah, that's after 1 round. Both the individuals and the collective expect to gain if they only play 1 round.
The interesting part is that they expect to lose money over time even though they expect to gain money if they only play once. But that holds for both the individuals and the collective.
A less confusing game with the same mechanism is "flip a coin, if it's heads I give you 1000x your initial investment, if it's tails I wipe you out completely" - you expect to make a massive gain on any given turn, but if you play enough rounds you'll eventually lose everything.
The interesting part is that they expect to lose money over time even though they expect to gain money if they only play once. But that holds for both the individuals and the collective.
A less confusing game with the same mechanism is "flip a coin, if it's heads I give you 1000x your initial investment, if it's tails I wipe you out completely" - you expect to make a massive gain on any given turn, but if you play enough rounds you'll eventually lose everything.