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Forecasting human behaviour with Game Theory

Monday, September 26, 2011

(Forecasting human behavior with Game Theory)

The game theory, i.e. strategic thinking, is applied way beyond politics and economics. Rational approach to complex dilemmas should be taught at schools as a mix of mathematics, psychology and philosophy.Game theory is only a mathematical model. It just happens that it can be applied to lots of situations (not only economics nor human-related activities), and that its groundings are very intuitive. Regarding rationality, it really doesn't matter whether the other players' behaviors are rational or not. Every game has at least one stable solution, which is suboptimal for the opponents to change. I am glad that my math professor introduced me to The game theory at a relatively early age (around 18) but probably because she thought I was a genius LOL


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