POLI 2057 Lecture : Completed Notes For Rationality Game Theoretic Approaches
Document Summary
States make decisions that are consistent and clear. States can be an individual actor without talking to everyone first before making a decision. Assumption that states are a single entity that can think about their actions coherently and make choices when exercising power is held by many realists: cost-benefit analysis. Picking the option out of numerous option that is the most efficient and benefits them the most. Cba (cost benefit analysis): sometimes called benefit-cost analysis (bca), is a systematic approach to estimating the strengths and weaknesses of alternatives that satisfy transactions, activities or functional requirements for a business. Ex: picking a car that is the nicest within your price range: rational actors always choose course of action that yields the greatest. Irrational action: buying a house you can"t afford therefore putting yourself in debt return. Game theory: attempts to predict behavior based on utility, within a set structure, types of games. Zero-sum: if i win, you lose, rivalrous.
