1
Q
What is the theoretical mismatch problem?
A
Pure game theory observations don’t match real world observations
2
Q
What is behavioral game theory?
A
Game theory with real-world considerations taken into account
3
Q
What is the insula reaction?
A
A neurological reaction to perceived unfair situations
4
Q
What is bounded rationality?
A
People will generally only think a recursive problem through the first few stages
5
Q
What is evolutionary punishment?
A
Reciprocal altruism only works if there’s an innate desire to punish cheaters
Game Theory
flashcards
Decks in class (13)
# Cards
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1. The World of Game Theory7
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2. The Nature of the Game11
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3. The Real Life Chessboard - Sequential Games13
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4. Life's Little Games - The 2x2 Classic Game8
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5. Guessing Right - Simultaneous Move Games14
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6-9: Applications, Chance, Constant Sum Games, Mixed Strategies and Nonzero Sum Games6
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10-11: Threats, Promises, Commitments; Credibility, Deterrence, Compliance17
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12. Incomplete and Imperfect Information10
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13. Whom Can You Trust? Signaling and Screening5
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14-15: Encouraging Productivity; Repeated Games7
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16. Does This Stuff Really Work?5
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17. The Tragedy of the Commons6
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18. Games in Motion - Evolutionary Game Theory6
