Nash Equilibrium – interacting with different groups of
people
Game Theory – how the strategies people use affect the
outcome
Prisoner Dilemma – the outcome of something depends on the
person’s choice
Serendib Experience
After playing this game I didn’t quite understand it. I
couldn’t see much pint in playing it. Either you choose to cooperate or compete
with the wizard. If you do choose to compete you are always risking it but you
could win the round. If you both choose to cooperate, then you both get the
same amount of coins. The first time I played I cooperated every time and we
tied at 36 the second time I played, I mostly competed and I won 21 to 16.
In history: you
think of the opposing sides strategies in war
In government: you think about what your running mate’s campaign is going to do
In economics: in business you always think about how others are selling things
Related to sociology: you think about the people around you and their personalities before socializing
Related to psychology: you think about peoples emotions
In your everyday life: in sports, politics, and law
In government: you think about what your running mate’s campaign is going to do
In economics: in business you always think about how others are selling things
Related to sociology: you think about the people around you and their personalities before socializing
Related to psychology: you think about peoples emotions
In your everyday life: in sports, politics, and law
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