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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...
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This note was uploaded on 04/16/2008 for the course POLI SCI 12 taught by Professor Lake during the Spring '07 term at UCSD.
- Spring '07
- International Relations