Global challenges 1

formal authority boss, king, president

informal authority unrecognised in systems, ex cool kids

real authority a player that effects all the other players

nominal authority no real power, like the king in Sweden

absolute authority can change the game in the direction he want, ex kings under middle war

common interest game outcome that benefits everyone

two way sacrifice game each player incentive chooses that creates less optimal outcome for the other

multi stage game individuals with two choices. either they both can do what they want or one's choice is conditional

stage hunt game a game where coordination is very important. ex scaling up a company

self serving bias seek out information and use to advance self interest

change the situation coercive measures or cooperation

change the people altruistic or social pressure

positive externalities a persons actions increase another persons utility

negative externalities a persons actions decrease another persons utility

dominant strategy equilibrium each player has the uniquely best strategy

situation vs games situation is different preferences, games have utility

zero sum game whenever some have advantage, someone else loses

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