Game theory is a topic that is usually taught in economic education, but sadly many people without economic degrees are not exposed to it. Game theory is the studying of the interaction between individuals in different situations, commonly known as games.
Many of these games have been named and studied, and can be really interesting because depending on the model individuals one would not always choose what is best for them or everyone in the game.
One of the most common examples of game theory, the Prisoner’s dilemma, can be explained in simple terms what is happening with the Cataluña and Spanish conflict.
The most famous game is the prisoner’s dilemma. Imagine that two individuals rob a bank; they steal the money, but they are caught by the police in a long pursuit. When the police get to them they are not able to achieve any evidence to incriminate these two individuals.
Both individuals are taken into custody and separated in different rooms for interrogation. During the interrogation the police explains to each individual that if they collaborate to incriminate the other member he will get less jail time, but the other will get full time. Such that the chart representing...
