Reference no: EM13505987
Game Theory Analysis In this part of the paper you should analyze how well the concepts of game theory work in daily life. In other words, how can game theory benefit/harm personal and societal relationships and our responses to world events? You do not need to respond to all of the following questions, but you should respond to some of them. They are designed to spark your thinking.
1. What does it mean to choose strategies "rationally" when outcomes depend on the strategies chosen by others and when information is incomplete?
2. In what circumstances is aggression rational and in what circumstances is cooperation rational?
3. How does game theory apply to personal relationships, especially ongoing ones?
4. Can moral rules of cooperation emerge spontaneously from the interactions of rational egoists?
5. What does it mean to be allocentric? How will being allocentric help in your personal and social life?
6. What is the value of flexibility, or of voluntarily giving up flexibility?
7. What does game theory say about cooperation, and do you agree with these ideas?
HAS TO BE 5 Pages AND USING REFERENCES
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