POLI 244 Lecture Notes - Lecture 6: Ultimatum Game, Social Identity Theory, Subjective Expected Utility

• School: McGill University
• Department: Political Science
• Course: POLI 244
• Professor: Fernando Nunez- Mietz

Document Summary

Information processing: cognitive short-cuts: the (mis-)use of analogies, cognitive dissonance: discounting information, attribution: the fundamental attribution error. Prospect theory: subjective expected utility: loss/risk aversion, framing: reference points and risk taking. Implications for threats vs. promises in negotiations. The subjective value of concessions in bargaining. What are the big things that political psychologists do or contribute to our understanding of. Going back to what we saw last and this week, we saw rational explanations, where we have a rational actor that counts possible courses of actions. Wednesday, september 20, 2017 and he takes into account the expected consequences of these courses of actions, and he assigns, based on pre-given interests, utility to those expected outcomes. These are the expected utilities that are going to drive his rational choice. In this example, the expected utilities are put in terms of dollars, so the expected utility of outcome a, for this rational actor, with those pre-given interests, is k, and so on.