Game Theory - where ones action depends on the other participants
Prisoner Dilemma - where two players have choices that depend on the other critically
Well I started out with cooperate and so we both got the
same amount of coins but then I went off track and picked compete and I got
more which of course then he ended up going the same way so my point is if you
play fair then the other opponent plays fair but when you make an unexpected
twist, it all turns around.
Game theory/prisoners dilemma - when two people are faced to face with each other and have to make a choice on their own which could affect the other. In history - 1920's it started
In government - talks about Darwinism
In economics - it deals with most economics, if you deal with concepts
Related to sociology - it relates to this a bit
Related to psychology - yes it deals with a lot of psychology
In your everyday life - yes it happens everywhere where people make decisions
we did oil pricing in class with two different groups and we both agreed to cooperate and pick the same price but then not my group but the other group decided to go the other way so we got lied to. Then we did it where we chose colors and we all ended up choosing red every time and not blue, we eventually chose blue but then you would lose.
I would go with 10 because I enjoyed the game activities but I'm assuming we would have been better if we all just cooperated with each other and been honest with each other we both would of had a lot of money for our countries.
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