Game Theory Reflection Blog
I think that the Nash Equilibrium is true. If you play a
game and each other figure out their strategies the game become much more
challenging.
With Game Theory it is very much true. Many head to head
games such as hex rely on hoping the other player messes up on a turn.
Prisoner’s Dilemma is a thing that is used mostly by cops.
It is a good strategy to get people to confess about a crime rather than having
to go through an investigation that could take weeks.
The Serendip online interactive prisoner’s dilemma is a two
choice corporate or compete game. After I played my first game, I have found
out that every time I pick corporate we get the same amount. But if I pick
compete most times I will get more coins that Serendip will get.
In history: biologist used it to formulate the idea of
evolutionary stability.
In government: The Government Shutdown
In economics: during international trade
Related to sociology: shows how these work in everyday
situations
Related to psychology: shows how the mind reacts to certain
situations
In your everyday life: deciding whether to eat at school or
somewhere else
I thought that these activities
helped explain the game theory. The game was more exciting when the groups did
not know what the other group picked till the end. This game let you figure if
people in the groups were greedy for money or wanted to be honest and have both
teams make lots of money.
I would rate the activities a 9. The
only thing I could think of for improvement is not let the group think that
winning is most important in the practice activity.