Can you explain how game theory is applied in psychology?
Game theory is used in psychology to understand decision-making, social interactions, and strategic thinking.
What are some real-life examples of game theory in psychology?
Examples include studying cooperation in social dilemmas, negotiation strategies, and understanding competitive behaviors.
How does game theory help in understanding human behavior?
It provides a framework for analyzing choices individuals make in situations where their outcomes depend on others' actions.
Are there any famous experiments that illustrate this?
Yes, the Prisoner's Dilemma is a classic example that illustrates cooperation and competition in human behavior.
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