q-5 - Chapter 1: I nt ro to Strategic Reasoning I. Who...

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Unformatted text preview: Chapter 1: I nt ro to Strategic Reasoning I. Who wants to be a game theorist? a. Two objectives of social encounters i. Understand the manner in which people behave (why they do what they do) ii. Have some guidance on what to do when interacting with other people b. Strategic interdependence i. Present in a social situation when what is best for someone depends on what someone else days ii. Can create a formidable challenge to figuring out what to do iii. Infinite regress… I think this person will do this x infinity II. Whetting your appetite: a game of concentration a. The value of game theory in exploring strategic situations is its delivery of a better understanding of human behavior b. Game theory can uncover subtly clever forms of strategic behavior c. You should think not only about trying to make a match, but also about the info that your play might reveal to the other player III. Psychological profile of a player a. Intro i. A strategic situation is descried by an environment and the people who...
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This note was uploaded on 04/19/2011 for the course BUS 256 taught by Professor Several during the Fall '09 term at Indiana.

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q-5 - Chapter 1: I nt ro to Strategic Reasoning I. Who...

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