section - • Game Theory terms concepts o The equilibrium...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
11 April 2008 – Interests and Interactions: Applying Game theory to international relations Interests and Interactions o In international politics, the interest of actors and the structure of interactions that combines to produce behavior (what states do: cooperate, arms race, war, peace- keeping missions, trade wars etc.) o Give the same structure of interaction, if interests change, behavior will change o Give the same interests, if the structure of interaction changes, behavior will often change Solving game theory o Best Response: given someone else’s choice, what is the other person’s best response (given Romeo chooses Sushi, what is Juliet’s best response?); this deals with pure choices = sample coordination problem o Anything that is a mutual best response is called an equilibrium Interests o An individual, actors, interests are how they value the choices available to them o In the example above, I assume that Romeo and Juliet have an interest in spending time together
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: • Game Theory terms / concepts o The equilibrium of a game is the behavior we expect to see. However if there are multiple equilibriums, then the predictions are less clear o The strongest form of equilibrium in when each player has a dominant strategy (the single choice they’re going to pick regardless of the other) o Interactions with the same structure of interaction and preference ordering have the same equilibrium • Structure of interaction o Interests along do not determine outcomes; interactions matter as well o In the preceding analysis, we have assumed many things Players move simultaneously or without knowing how the other players move Players play each game once Each play has two discrete choices • Battle of the Sexes Pt 2 o Imagine Juliet decides first, and both Romeo and Juliet know that Juliet decides first and that Romeo sees where Juliet goes o If you go in sequential order, then it’s easier to avoid coordination problems...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern