Sept. 12

Sept. 12 - Political Science September 13, 2010 American...

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Political Science September 13, 2010 American Political Culture count. 1. What is a prisoner’s dilemma game? Confess Hold Out Confess (-20, -20) (-2, -30) Hold Out (-30, -2) (-5, -5) a. Both separated and all things being equal it is better for both to confess; however, if they could communicate and hold out they would barely serve anytime b. (-20, -20) = Nash equilibrium choice; (-5, -5) = Pareto optimal choice b.i. Nash equilibria are sets of strategies for players in a noncooperative game such that no singles one of them qould be better off switching strategies unless others did b.ii. Pareto optimal: all allocation of goods to individuals if no other allocation of the same goods would be preferred by every individual; you can’t make somebody better off without making another one worse off c. Tragedy of the commons: by pursuing one’s own self interest then all others are shorted d. When short term self interest dominates, you end up worst off Butter Guns Guns (30, 1) (6, 8) Butter
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Sept. 12 - Political Science September 13, 2010 American...

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