Game Theory

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!