What are the limits of game theory in psychology?

What are the limits of game theory in psychology?

Game theory provides a framework for understanding strategic interactions, but it has limitations in psychology.

Can you elaborate on those limitations?

Sure! One limitation is that game theory often assumes rational behavior, which doesn't always reflect real human emotions.

What about situations involving cooperation?

In cooperative scenarios, game theory can oversimplify complex social dynamics and ignore cultural factors.

Are there any psychological theories that complement game theory?

Yes, theories like social psychology and behavioral economics can provide deeper insights into human behavior beyond game theory.