After playing Prisoner's dilemma, I felt as if I really didn't learn anything. I understand that the objective is to try to cooperate with another individual to meet an objective or meet in the middle. It seems like this type of stuff can happen in reality, but the game really didn't help explain it.
Nash equilibrium- A stable state of a system involving the interaction of different participants, in which no participant can gain by a unilateral change of strategy if the strategies of the others remain unchanged.
Game theory- A theory which focuses on the interaction of groups or individuals. It looks into the depths of social interaction
Prisoner dilemma- A situation in which two people whose depends on the choices made by the other. If both confess, it could be bad for both unless some remain silent.
Prisoner's Dilemma/Game Theory
In history: The Cold War and each side had the choice to arm or disarm
In Government: International Negotiations
In economics: Negotiating
related to sociology:Putting blame on another minority group a.k.a Germans blaming the Jews
related to psychology: Making a good impression a first date
In your everyday life: Overfishing
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