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Lecture 7: game theory (social interaction games (Ultimatum game (fairness…
Lecture 7: game theory
Pro-social behaviours: altruism, reciprocity fairness, trustworthiness, cooperation, coordination
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predict that people will defect, do the option that is best for them
social being, sometimes consider the group
nash equillibrium is the best sollution= globally optimal scenario for both, sometimes there is no nash eq
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