IAFS 1000 Lecture 21: Game theory IAFS 1000
9 Aug 2016
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Knowlesge of game theory = a skill in demand in washington/new york. Ia honors society sigma iota rho 9/9 6pm muenzinger e124 game theory = mathematic method for analyzing strategic interactions interaction between kicker and goalie. What is a game game has 3 parts: at least 2 players, at least 2 strategy options for each, which, identify strategic outcomes (de ned by combinations of each outcome) yields 4 possible strategic outcomes. 2 strategy options ( c = cooperate w/ other prisoner aka not talk to police or d = defect on other prisoner aka talk to police) 4 = best 1 = worst possible outcomes completing and solving pd. Solutions: dominant strategies and nash equilibrium short term solution = d,d or 2,2. Why did us and ussr engage in a costly and dangerous arms race. C = cooperate aka don"t increase armaments (usually label cooperative options as what we wish to happen)
