16. Does This Stuff Really Work? Flashcards
1
Q
What is the theoretical mismatch problem?
A
Pure game theory observations don’t match real world observations
2
Q
What is behavioral game theory?
A
Game theory with real-world considerations taken into account
3
Q
What is the insula reaction?
A
A neurological reaction to perceived unfair situations
4
Q
What is bounded rationality?
A
People will generally only think a recursive problem through the first few stages
5
Q
What is evolutionary punishment?
A
Reciprocal altruism only works if there’s an innate desire to punish cheaters
