Sociology
Paper instructions:
Description of Project
For your Final Project, write a paper of 2500 to 3000 words (with a typical font and spacing this will be a paper of 10 to 12 pages) that applies the principles and strategies of game theory to personal and societal issues as well as to current events. The paper should also be a critique of game theory, noting its strengths and weaknesses in application to everyday problems.
You may use the following as sources:
The lectures presented by Professor Scott Stevens
The two course texts
Other published works and peer-reviewed sources (but not Wikipedia or random Internet sources)
Use citations from the resources mentioned above, and document all of those sources properly. However, your personal reflections on the subject matter are also important (and required) and should be incorporated throughout the assignment.
The paper has two basic divisions.
Part I : Game Theory Application
The first part of the paper should demonstrate an understanding of basic game theory concepts, including the following:
Elements of a game
Types of games
Types of strategies
Equilibrium
The prisoner’s dilemma
The tragedy of the commons
Utility
When discussing these topics, provide original examples from current events, politics, business, or your personal life. Be sure that among your examples you discuss at least one in another discipline such as history, literature, or psychology. In other words, you should demonstrate that game theory can be applied to a variety of different disciplines.
Part 2: Game Theory Analysis
In this part of the paper you should analyze how well the concepts of game theory work in daily life. In other words, how can game theory benefit/harm personal and societal relationships and our responses to world events?
You do not need to respond to all of the following questions, but you should respond to some of them. They are designed to spark your thinking.
What does it mean to choose strategies “rationally” when outcomes depend on the strategies chosen by others and when information is incomplete?
In what circumstances is aggression rational and in what circumstances is cooperation rational?
How does game theory apply to personal relationships, especially ongoing ones?
Can moral rules of cooperation emerge spontaneously from the interactions of rational egoists?
What does it mean to be allocentric? How will being allocentric help in your personal and social life?
What is the value of flexibility, or of voluntarily giving up flexibility?
What does game theory say about cooperation, and do you agree with these ideas?
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