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.