Chapter 6 Game Theory §

(F) Day of the week: Wednesday Class: IS309 Created Time: May 19, 2021 2:47 PM Database: Class Notes Database Date: May 19, 2021 2:47 PM Days Till Date: Passed Last Edited Time: June 9, 2021 2:21 PM Type: Reading Notes

Game Theory: application of mathematical models to understand interactions among actors in IR

Formal Methods contributed a lot here

Cold War urged this method to predict strategic actions of enemies

How to create a model

• Reducing the problem to itś basic elements
• Different choices → multiple different outcomes

If you’re picking a restuarant to eat at by the preference of your friend using ordinal preference, just majority wins

If you look at intensity of preference too you use the Cardinal Preference. To keep the group together you must choose the least conflicted one

Decision trees show set of choices that lead to expected consequences

• One player strategy game

Multiplayer strategy game

• Matrix table: if Person A choses this while Person B chooses this what happens
• Can create problem of prisonerś dilemma