QUESTIONS FOR CLASSROOM DISCUSSION ON GAME THEORY

The basis of game theory is that rational behavior tends to be predictable (most of the time). After all, we form expectations of how firms are likely to behave in cases of interdependence by assuming rationality (maximization of payoffs). However, can you think of a scenario where IRRATIONAL behavior may actually be predictable?

Time permitting, our classroom discussion will take place on Thursday, April 26.

Posted by Prof. C-S

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