Game Theory Reading & Dilemmas

I found this reading really interesting as it covers dilemmas and issues, I’ve seen in previous classes such as Intro to International Relations and Leadership and Social Sciences. These dilemmas have been particularly problematic on the world stage, and during the Cold War led us to the brink of nuclear annihilation during the Cuban Missile Crisis. However, they do have one critical weakness: they rely on a lack of accountability and communication. Once you establish these two factors in the system, their power rapidly declines. For example, in the prisoner’s dilemma if they agree on backstories ahead of time, communicate through lawyers, and have someone on the outside who can punish either of them for talking, the effectiveness of the prisoner’s dilemma effectively disappears. This is one of the reasons international institutions like the UN are incredibly valuable, as they establish this accountability and communication on the world stage.

One thought on “Game Theory Reading & Dilemmas

  1. Leah Hincks

    This is a really good example of how game theory exists in the real world. I agree that institutions like the UN are so valuable. However, you say that once communication and accountability are established, then power disappears. Don’t you think that in some cases, those in power may block communication so that they can remain in power?

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