Write a 2,000 word essay about game theory. Split this assignment into two parts. The first part titling Game Theory Application and the second part Game Theory Anaylsis. Teh forst part should include elements of a game, types of games, types of strategies, equilibrium, the prisoner's dilemma, the tradegy of the commons, and utility. The second part should be Game Theory Analysis. What does it mean to choose strategies "rationally" whne outcomes depend on the strategies chosen by others and whne information is incomplete? In what circumstances is aggression rational and in what circumstances is cooperation rational? How does game theory apply to personal relationships, especially ongoing ones? Can moral rules of cooperation emerge spontaneously from the interactions of rational egoists? What does it mean to be allocentric? How will being allocentric help in your personal and social life? What is the value of flexibility, or of voluntarily giving up flexibility? WHat does game theory say about cooperation and do you agree with these ideas?
Has to be in your own words to receive points!