With up to ten years in prison at stake, will Wanda rat Fred out? Game theory is looking at human interactions through the lens of mathematics.

Today we explore the penultimate ethical theory in this unit: contractarianism. Hank explains Hobbes’ state of nature, and implicit and explicit contracts, as well as the Prisoner’s Dilemma, and the benefits, and costs, of violating...

So far in the realm of social psychology we've examined the power of situation and framing, as well as the manner in which we view ourselves. Now let's take a look at how we view other people. How is society built upon the ways that we...

Here is my 60 second explanation of how to identify the dominant strategy with game theory payoff matrix. The numbers in the left of each square are for the firm on the left. The numbers on the right are for the firm on the top.