Search results
Results from the WOW.Com Content Network
The application of game theory to political science is focused in the overlapping areas of fair division, political economy, public choice, war bargaining, positive political theory, and social choice theory. In each of these areas, researchers have developed game-theoretic models in which the players are often voters, states, special interest ...
Economists, biologists, psychologists, sociologists, and political scientists alike study behavior in social dilemmas. The most influential theoretical approach is economic game theory (i.e., rational choice theory, expected utility theory). Game theory assumes that individuals are rational actors motivated to maximize their utilities.
Prisoner's dilemma – Standard example in game theory, wherein two parties may each act in an individually beneficial fashion to the detriment of both Race to the bottom – Repeated decisions by jurisdictions to compete for economic activity against one another by offering ever lower standards of regulation or taxation Pages displaying ...
Incidents of animals escaping the refuge were continuous over the years, from the eagle and hybrid wolf to a domestic cat and a pine marten named Betty and a goat named JB, the document says.
In episode 7 of the 10th season of The Big Bang Theory, Sheldon and Amy discuss the history of Buridan's ass (renamed donkey), and its application to their lives. Amy resolves the paradox (of Sheldon desiring to live in different apartments) by creating a more desirable option by engaging Sheldon in a discussion of the theory and its history.
PETA official Teresa Chagrin says Sarasota's no-kill proposal for animal shelters will lead to more suffering animals on the city's streets.
The prisoner's dilemma is a game theory thought experiment involving two rational agents, each of whom can either cooperate for mutual benefit or betray their partner ("defect") for individual gain. The dilemma arises from the fact that while defecting is rational for each agent, cooperation yields a higher payoff for each.
In game theory, a focal point (or Schelling point) is a solution that people tend to choose by default in the absence of communication in order to avoid coordination failure. [1] The concept was introduced by the American economist Thomas Schelling in his book The Strategy of Conflict (1960). [ 2 ]