Please describe the following in your own words in two
sentences.(look them up if you don't know)
Nash equilibrium- if you are married and you and your wife
want to meet at home and you get home first then you wasted her time but if she
gets home before you then you should just get home at the same time so nobody
wastes time. So you pretty much just need to think of the best strategy no
matter what you are doing.
Game theory- A
strategic way in making your opponent try to change their strategy in trying to
make your strategy win.
Prisoner dilemma- like in orange in the new black where they
agree to not tell anyone and then one girl rats her out and they get out
because she told the truth.
Go to the following link Serendip online interactive
prisoner's dilemma
Describe your experience and thoughts after you have played
the game a few times.(50 words)
I played it twice and I thought it was kind of confusing. I
tried two different ways to play it and I won both times by 5 or 6. The last
time I played it I hit cooperate all the way til the last round and I got
28 points. It was kind of odd and weird
because you never really know what it going to happen but it was interesting.
Read the following blog on Game Theory and answer the
questions below:
http://www.pbs.org/wgbh/amex/nash/sfeature/sf_dixit.html
Give an example of Game Theory/prisoner dilemma:
In history: Cuban Missile Crisis
In Government: When
you vote for a governor
In economics: The USA cutting oil
related to sociology: Picking whether or not to break up
with a boyfriend or girlfriend.
related to psychology:
on how I behave to my mom when I am
mad at her
In your everyday life: Making life changing decisions like
picking which college to go
Tell me your thoughts
on the oil pricing activity and the other group activities we did in class.
I think that you tore our class apart.
But it was funny and really it made me not want to trust my
class.
On a scale of 1 to 10
with 10 being great rate the activities we have done in class with the
unit. What are some things that can be
done to improve the overall unit?
10, it was really fun!! Nothing I thought it was as good at
it could be!