STATS 101B Study Guide - Comprehensive Final Exam Guide - Conditional Probability, Random Variable, Game Theory
Document Summary
Game theory: a mathematical and logical framework for representing strategy and planning in politics. There are 3 types of sectors from game theory: No, math actually make thing easier: the difficult part is logically valid thinking: doesn"t come naturally - not what our brains evolved to do, but very useful if we want to. Be aware of the assumptions we are making (natural to be inconsistent. No, reality is what is complicated, mathematical models simplify. We make simplifying assumptions all the time whenever we try to analyze anything. Emotional response keeps your attention, keeps you interested. But can interfere with understanding a situation. Understanding why things are the way they are. Understanding a problem well enough to do something about it: segue: math is an artificial framework: not the way most of us think naturally. You need to be comfortable working with simple equations and inequalities using variables.
