Nash Equilibrium –
a state of balance
Game Theory –
knowing your opponents move before hand as strategy
Prisoner’s Dilemma –
two people have to make a choice without knowing the other’s decision
Prisoner’s Dilemma
Game
After
playing the game a couple of times, I think that it is a very strategic game.
It looks simple but there is more to it than meets the eye. I just imagine a
situation that would involve these choices. I feel like if you cooperate and
then compete you are betraying the other person.
In History – War; knowing the enemies moves beforehand
In Government – knowing the other world powers moves
beforehand
In Economics – You have two firms, Pepsi and Coca-Cola and
each makes there prices high but one will compete and lower their price taking
consumers away from the other.
In Sociology – playing chess
In Psychology – playing chess
In my everyday life – playing chess
