CT253 Lecture Notes - Lecture 4: Game Theory, Human Nature
Document Summary
If everyone is greedy and looking out for number 1, it drives competition, drives the price down. If everyone goes for the blonde, everyone will get rejected. But if you start with your second choice, everyone will be happy. If you try to get the best for yourself, you would get worse. You should get to the safe option, not the best option. If you try to get the best outcome, you would end up at the third. An agreement to cooperate back up by force. Your friends get the girl and you do(cid:374)"t (cid:894)4th (cid:272)hoi(cid:272)e(cid:895) Everyone is happy with their second choice (2nd choice) No one obeys the fishing rule fishing rule. 2nd (everyone gets enough fishes and everyone is happy) You do(cid:374)"t o(cid:271)ey fishi(cid:374)g rules 1st best (you"re selfish and you get the most) 3rd (no one is getting anything out of it) Where you obey and everyone else also obeys the fishing rule.
