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This was joined by a computer model that utilized Bayesian statistics and differential gametheory to simulate such interactions. “Gametheory has had a huge impact in many fields, including economics, political science, linguistics, operations research, and more,” the researchers say.
The researchers conducted a trust game experiment, whereby human volunteers were asked to bestow a $10 endowment to a partner, who was either a human, a robot, or a robot acting on behalf of a human. It was in many ways a classic gametheory setup, with the human volunteer knowing that gains were to be made, but trust would be key.
The models were based on evolutionary gametheory and cultural evolution, and aimed to understand our willingness to interact with others outside of our social group. . “Policymakers and those in government should act now by investing in and protecting social safety nets that can prevent widening social and political divisions.”
In today’s ever increasing complexity and change, you are being called to operate at a new level of consciousness. While awakening is definitely not a common term within organizations, leaders who operate at a high level of consciousness and being are the awakeners in the business world. It’s a sign your soul is stirring ….
Wiring in innovation as a cultural behavior. Gametheory applications – tapping into mutualistic dynamics. Only instead of the byzantine application of a formal language you are dealing with emotional needs, cultural expectations, societal mores, all operating in an invisible and impossibly complex array.
The benefit of this kind of team activity, is the opening of one’s mind, and shared creative stimulus, which fosters innovation. Economics and gametheory also provide valuable insight into the study of trust (cf. One part of fostering creativity and innovation is to accept the inevitable failures.
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