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Game Theory

Updated: Nov 26, 2022

Game Theory is how individuals interact with each other when they are placed in a position to co-exist by interacting with each other's actions and reactions.

Players: Those who interact with each other in this setting.

Currently used concepts:

Rationality: The idea that each player understands that the other player understands how the game is played. We may presume the actions of the other player based on common knowledge. However, with individual thinking, this may not always be the norm. This is applied in my study as one of the key problems identified is the general assumption that the other party does not have anything of value to add to the conversation. This thought can be broken by changing the act of assumption to the act of questioning.

Cooperation: Game to determine how individuals behave influenced by social groups, and the consequences of those actions being considered a 'payoff' to other players. This is incorporated in my study for the players to understand that 'payoffs' will only happen when there's a balance in the payoffs. If only one player benefits from certain actions, payoffs have an imbalance and the 'free-rider problem' is created.

For the purpose of this study, I will be using the term 'player' for my participants.

Allen, B. & Waterman, H., 2019. Stages of adolescence. Available at: [Accessed August 10, 2022].

Pastine, I., Pastine, T. and Humberstone, T. (2017) Game theory. London: Icon Books Ltd.

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