ECS1050.10.post

ECS1050.10.post - Unit IV Thinking about Thinking •...

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Unformatted text preview: Unit IV: Thinking about Thinking • Choice and Consequence • Fair Play • Learning to Cooperate • Summary and Conclusions 7/30 Summary and Conclusions • Tournament deadline: Monday by 5pm • Graduate Paper deadline: Monday, by 5pm • Final Exam: Tuesday 6:30pm, Sever 113 Game theory was developed to “solve” simple parlor games. In the 1940s and ‘50s, it was applied to international conflict A THEORY OF WAR Schelling “reoriented” game theory to seek ways of resolving conflict as an alternative to war. In the Post-war period, attention turned to expanding trade among Western economies EXCHANGE The Prisoner’s Dilemma exposed a deep problem at the heart of game theory, calling forth a new approach. Finally, analysis of repeated games offered a way to understand today’s global problems COOPERATION The Evolution of Game Theory 1928 1944 1950 1960 1984 1994 1949 1989 ZEROSUM GAMES NONZEROSUM GAMES REPEATED GAMES MINIMAX THEOREM NASH EQUILIBRIUM FOLK THEOREM PRISONER’S DILEMMA WAR EXCHANGE COOPERATION PARLOR GAMES NUCLEAR TRADE SUSTAINABLE ARMS RACE DEVELOPENT Theory of Games Strategy & Conflict The Evolution & Economic Behavior of Cooperation Soviet A-Test The End of the Cold War Nobel: Harsanyi, Selten & Nash The Evolution of Game Theory 1928...
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This note was uploaded on 03/21/2010 for the course ECON 1050 taught by Professor Neugeboren during the Summer '09 term at Harvard.

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ECS1050.10.post - Unit IV Thinking about Thinking •...

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