PSYC 3100 Lecture Notes - Lecture 5: Smoke Detector, Decision Rule, Opportunity Cost
10 Apr 2013
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Outline lecture 5 game theory + emotions & optimality. Different actions different playoffs formalized rules for interactions: makes assumptions specific. A researcher cannot hide behind their words, they need to make things explicit: allows individuals to analyze complexity, you can prove (math - the only science that can prove things, precise quantitative predictions. What strategies will give the highest payoff looking at any strategy of a gene trying to make copies of itself: four examples of simple games: Frequency-independent fitness either raise your hand or not (you get one dollar for raising your hand and nothing for not raising your hand - everyone raises their hand: everyone raises their hand, everyone makes a dollar. Positively frequency-dependent fitness: (uni-stable equilibrium - the equilibrium is stable - everyone raising their hand, there is no negative for raising their hand) If you raise your hand, you receive for everyotherhand that is raised.
