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  • Chuan Lin

Game Theory in Psychology

Game theory, which is a mix of psychology and math, looks into how people make choices. Think about a world where everything depends on what other people do. It's not just chess; life is full of planned exchanges that show how people really act.


The Basics of Game Theory


At its core, game theory is about how to plan your moves. As waves in a pond, each move has an effect on the next. Psychologists use this to figure out how people guess what other people will do and choose their own actions. In this dance, there is both waiting and responding.


The Prisoner's Dilemma


Think about this: two crooks, one choice. Tell the truth or keep quiet? They can get away with it if they both stay quiet. If one spills, the other person will be hurt, but the spy will get away with it. Both of them talking means some trouble. This famous problem shows why teamwork doesn't always work, showing the conflict between what's best for each person and what's best for everyone.


Applications in Psychology


Game theory is used all the time, not just in theory. It talks about trust, deception, and the thin line between greed and kindness in everything from business deals to political tactics. Researchers in psychology use it to figure out how risks and benefits interact in real life.


Evolutionary Game Theory


This is where things get crazy: evolving game theory. It looks at how tactics change over time in both people and animals. Along these lines, we can look at cooperation in competition and the idea of "survival of the fittest." It shows how actions stay the same from one generation to the next—it's social evolution in motion.


Conclusion


Game theory is more than just an idea; it shows us how people think and feel. Psychologists can predict behaviors by looking at how people connect strategically. This gives us a better understanding of how society works. It uses both reasoning and psychology to figure out how people make decisions.



Reference List


Axelrod, R. (1984). The Evolution of Cooperation. New York: Basic Books.


Colman, A. M. (2003). Game Theory and its Applications in the Social and Biological Sciences. Oxford: Butterworth-Heinemann.


Dixit, A., & Nalebuff, B. (2008). The Art of Strategy: A Game Theorist's Guide to Success in Business and Life. New York: W.W. Norton.



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