Nash Equilibrium-
in any situation when there are different options at hand, the equilibrium is
that moment when you must decide which option you must choose to make the best
out of the situation
Game theory- The
decisions that you must solve through any game taking into account the opponents
strategy while at the same time trying to come up with your own strategy
Prisoner Dilemma- Being
stuck in a conflict in which two separate people are stuck in the same dilemma
in which they must decide which option to choose that affect both people
Game Summary
I think the game is a lot like it would be in real life. The
computer will always cooperate as long as you do but as soon as you compete the
computer will too. The computer will compete until you have gained its trust
back by choosing to cooperate.
Blog Questions
In History - When Obama traded top ISIS leaders for Sergeant
Bergdahl. He had to decide which would be best for the country
In Government- The
Putin situation, we have to strategize against them while they are doing the
same. For dilemma I want to use the Putin situation again because the United
States had to decide whether or not to get involved with the Ukraine and weigh
the outcomes
In Economics-
Dilemma- people dealing with other counties have to decide investing so
much per month just like the game we played
Sociology- having
to make decisions that can affect others around you such as driving drunk and
weighing the possibility that what might happen if you crash
Psychology- decisions
that affect your own emotions such as breaking up with your girlfriend
Everyday Life-
weighing the outcome of making a smart alec remark to my teachers or not
Between what we learned about the oil pricing and the games
we played I have decided that everything is way too complicated and I would
never like to have a job dealing with it.
I rate a 10 because I thought they were fun and they helped a
lot to get me to understand the situation.
