Great! Pick one and get started, please. If you can't decide which one to do, please do asteroids.
Also, can I write in my asteroid essay the potential helpfullness of asteroids? We belive that one asteroid(just one!) could be worth $1,000,000,000,000. In other words, catching one asteroid could be worth one-trillion dollars. Could I mention that in my hundred word blurb?
Great! Pick one and get started, please. If you can't decide which one to do, please do asteroids.
I will do asteroids.
I would say... defect! If all the computer cares about is sorting pebbles, then they will cooperate, because both results under cooperate have more paperclips. This gives an oppurtunity to defect and get a result of (d,c) which is our favorite result.
Just wondering, where will the donated money actually go? An important thing to think about.
I can probably write one of the hundred word descriptions. I also could probably make an image as well.
according to game theory
How about according to reality?
And, by the way, what is the fate of theories which do not match reality? X-)
I see your point. According to game theory you should cooperate( as I stated above). However, I will show what my thinking would be in reality...
If I cooperate, they could to, and if that happened we would at up at a payoff of 12,12. However, if they defect then I will loose points.
If I defect, I would have a chance of getting a payoff of 5,0 or a payoff of 2,2. This is the only way to get more than 12 points, and the only way to be give at least two points every time.
Then, you defect every time. If your oppponent also defects every time, you end up at the pareato boundry with a total payoff of 8,8.
And so, both people cooperate.
Both people who are identical and know they are identical cooperate.
Now do the exercise for two people who are different.
Both people who are identical and know they are identical cooperate.
I see your point, but according to game theory in this scenario you assume that your opponent will make the same move as you will, because if both of you are in the same situation then assuming you both are using "perfect" logic then you will reach the same decision.
I would say that according to rationality and game theory cooperating is the best choice. I will show my logic as if both people were thing the same thing.
If I defect, than they will too, and that will give a result of 2,2
If I cooperate, than they will too, and that will give a result of 3,3
I could defect and hope they use the logic above and get a gain of 5,0 but if they use this logic too, then we end up back at the nash equilibrium of getting a result of 2,2.
If I cooperate then I am giving the opponent an oppurtunity to defect but if both people are using this logic than I should cooperate and will end up at the pareto boundry and end up with a result of 3,3 but it is unrealistic to try to achieve a better score so I should just cooperate
And so, both people cooperate.
Suppose an airport must decide whether to spend money to purchase some new equipment, while critics argue that the money should be spent on other aspects of airport safety. Slovic et. al. (2002) presented two groups of subjects with the arguments for and against purchasing the equipment, with a response scale ranging from 0 (would not support at all) to 20 (very strong support). One group saw the measure described as saving 150 lives. The other group saw the measure described as saving 98% of 150 lives. The hypothesis motivating the experiment was that saving 150 lives sounds vaguely good—is that a lot? a little?—while saving 98% of something is clearly very good because 98% is so close to the upper bound of the percentage scale. Lo and behold, saving 150 lives had mean support of 10.4, while saving 98% of 150 lives had mean support of 13.6.
I find this very interesting, but I think if people would both work hard enough to multiply 98% by 150 and would be educated about biases of the human brain than people would support the right things more often.
This is another problem with school. School(at lower levels especially) teaches things that is unimportant but doesn't teach useful stuff. For example, states and capitals of the U.S. can be googled in less than thirty seconds but bayes thereom and overcoming biases can't.
Subscribe to RSS Feed
= f037147d6e6c911a85753b9abdedda8d)
So is the game theory just wrong, then? :-)
No. In this case, game theory says that if both people are using the same logic and they know that, then what I showed above is correct: cooperating is the best choice. However, that is not always the case in reality.