Fwiw: our MIT opencourse on “game theory and social behavior.” http://ocw.mit.edu/courses/econom … Imho: A good introduction to game theory. But also thinking bout the subconscious role incentives/game theory play. In shaping our beliefs and preferences.
It is not subjective. It is mathematics, telling you objective truth about what happens when idealized agents act on certain incentives. One can then discuss to which degree the mathematical models capture aspects of our social world, and that is a separate, empirical question.
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Yes, that's exactly what I was asking... If the course talked about here does discuss how/when the models fail when trying to map reality.
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I guess I am still contesting what you mean by "the models fail." Failure should certainly be judged based on what they are attempting to do. No the models don't make the error u described by interpreting cooperation using the one shot p.d.
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I concur. (Only I would add, that the "fit" is often of a qualitative type. That is, I don't think these models r too good at r^squared type fitting. As physics models might be. But at capturing crucial qualitative insights. More analogous to Darwin in bio than gravity in physics
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