Plan Your Day
Game Theory: Mathematizing Your Gut Feelings
Exhibit Code: GOS-007
Zone: Science Center
Location: Thomas Gosnell Hall (GOS/008) - Atrium: Lower Level
Time: All Day
Description:
“Gut feeling” is a name we give to decisions processed by our emotional brains. But what do our quantitative brains have to say about the quality of such decisions? Come and learn to analyze games such as the classic Monty Hall problem by symmetry (which saves you from doing math) before making the mathematical leap into less obvious games. The Snowdrift game (AKA Chicken), the Donation game, Trust, Dictator, Ultimatum, etc., will be used to establish the key concepts in strategy, mixed strategy and the Nash equilibrium. A follow-up activity for visitors will be assessing where they instinctively lie in the Dove-Hawk-Reciprocator strategy-triangle, which defines their level of aggressive versus passive behavior. Now take these simple games to the human population, since these formalized social interactions we are calling ‘games’ involve populations that repeatedly interact. For the mathematically inclined we offer: “The Mathematics of Replicator Dynamics” and “How to Approximate the Reputation You Want at a Price You Can Afford.”
Exhibitors:
Lauren Kelley, Charlene Di Meglio , Erin Crossen, Carrie Koneski, John Costanzo, Bryan Ek, Manuel Lopez, Dong Kyu Kim, Justin Pearson
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