Game Theory and Human Interaction

“A Case of Game Theory”. On his website, Michael Sympson, discusses game theory as it relates to different aspects of real life. In the second paragraph, Sympson relates Charles Darwin’s theory of natural selection and evolution to a Nash Equilibrium and playing dominant strategies in a game. He states, “…only the ones where the individual player keeps playing the right hand, can survive.” This shows that unless players play strategically and adjust their approach based on the potential payoffs for each strategy, they will essentially be phased out and in the sense of living organisms will die out and become extinct. Sympson also discusses John Mynard Smith’s use of game theory and probability and how it links to the actions people take when working with others. These two topics among others create a connection between the material discussed in class and the different interactions that we face throughout life.

During Sympson’s discussion of different strategies it becomes evident that there is a clear connection with Charles Darwin’s theory of evolution. I think that this idea brings up a very interesting connection between science and the mathematics of game theory. The ideas discussed in class regarding determining a dominant strategy now appears to be relevant to the stability of species. Each decision that an organism makes can change how it continues to evolve as well as if it continues to exist. By choosing a non-dominant strategy, an organism risks making an action that could hurt its future. As Sympson states, “Not playing at all is not an option.” It is under this mind set that it can be assumed that every living organism is in fact always playing a game, whether it be a two person single game or a repeated game. With these repeated games, there is the potential for people to learn from their previous mistakes and hopefully change their strategy in future rounds and have a more successful outcome.

These repeated games also come into play when determining how a person should act and engage with another. Sympson refers to this when he states that, “people usually know that it pays to appear playing nice and being cooperative.” I think this statement has a lot of relevance to game theory in that there are clear advantages to be gained by learning from previous rounds or games and that these advantages can be used by players to better achieve their final goals in life or payoffs.

http://www.michaelsympson.com/morals

http://expertvoices.nsdl.org/cornell-info204/2010/02/22/game-theory-and-human-interaction/