POLA02H3 Lecture Notes - Lecture 3: Cooperative Game Theory
Document Summary
This mornings headline: u. s. government might shut down. Confess +confess= 5 yrs for both a and b. Confess + remain silent=0 yrs and 20 yrs. Remain silent + confess=20yrs and 0 yrs. Remain silent +remain silent= 1yr and 1 yr: relates to cooperation in the government and how the outcome effects everyone, political parties/institutions cooperate to agree on opinions. Pd and shutdown: both parties fear voters backlash over shutdown. Collective goods: any kind of public policy= collective good. Pd and shutdown: both parties fear voter backlash over shutdown, keeping government open is their collective job, but each party also has an incentive, especially in an election year, to make other party look bad. One way to solve pd: form political parties, coalition of somewhat diverse interests, working together to enact public policy/control government to their mutual advantage. Long time pattern of cooperation makes it easier to continue to cooperate.
