As much as we want to deny it, the simple truth is that humans are unreliable and unpredictable. This can be seen in almost every arena of life, and was abundantly apparent in my 102 class when we played essentially a multi person prisoner’s dilemma where you had to determine how much you wanted to contribute to the collective pot and how much to keep for yourself. Even after working when groups, people would always change their answers because even if cooperation was in our collective best interest, people are unreliable and so to avoid being screwed by other people if they adhere to the group decision and others don’t, they would be the one to back out of the collective agreement first.
With this game there were only two options: cooperate or don’t. That’s why I thought it was so interesting when the ideal of adding a third option or making it a “truel” was introduced. Game Theory states that if there are three options, there will generally be a balance between them, where with two choices, one group will consistently be at a disadvantage. I had always associated Game Theory with economics – a thing I hate/fear – so I had never considered the potential applicability it might have to my daily life and the usefulness it has in solving difficult situations where people are going to be inclined to not cooperate and thus disadvantage others. This reading definitely opened my mind at least a little to econ.