Intelligence 2

Nash equilibrium- The point in a situation where neither side can outdo the other. They are in a dead lock
Game theory- The analysis of others strategies to try to get ahead of the other.
Prisoner dilemma- 2 players make a simultaneous decision to work together or compete. You get an ok reward for working together, but if you try to compete and they work together you get a big reward. If you both compete you get a very tiny reward.

I played this game a few times. One time I tied the game, and all of the others I won. I don’t think that the game is very hard. All I did was work with it on a few and then I kept competing so it couldn’t catchup with me in points. My best score was 32 to 27, me winning

In history-In war the generals are predicting the other army’s moves as they fight.
In government- Government run banks have high interest rates; no banks have different rates so that is what the people are going to pay
In economics- When stores each lower their prices to try to outdo the other.
In sociology- When groups of people come together to negotiate they have to keep their differences in mind.
In psychology- You personally use the theory as you live throughout your life.

In my everyday life- I use this theory every day when I interact with other people

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