Order SS002 10 pages due 2000hrs

Games people play Two texts and the videos for the course that were used were : Videos (streamed for you within the course) - Games People Play (The Great Courses Series) by Professor Scott P. Stevens, Professor of Computer Information Systems and Management Science at James Madison University. 24 videos of 30 minutes each. Textbooks - Davis, M. D. (1997). Game theory: A nontechnical introduction. Mineola, NY: Dover. ISBN-13: 978-0-486-29672-2 - Mehlmann, A. (2000). The game's afoot!: Game theory in myth and paradox. Providence, RI: American Mathematical Society. ISBN-10: 0-8218-2121-0 Although game theory is often considered to be closely related to the fields of mathematics and economics, this course has demonstrated that it relates to wide range of disciplines and life events. It relates to the decisions people make every day. Description of Project For your Final Project, write a paper of 2750 words (with a typical font and spacing this will be a paper of 10 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. 1. What does it mean to choose strategies "rationally" when outcomes depend on the strategies chosen by others and when information is incomplete? 2. In what circumstances is aggression rational and in what circumstances is cooperation rational? 3. How does game theory apply to personal relationships, especially ongoing ones? 4. Can moral rules of cooperation emerge spontaneously from the interactions of rational egoists? 5. What does it mean to be allocentric? How will being allocentric help in your personal and social life? 6. What is the value of flexibility, or of voluntarily giving up flexibility? 7. What does game theory say about cooperation, and do you agree with these ideas? The course site includes a rubric for this Final Project.