Ciara: blog post #3
Ciara Farrell Blog post #3 Game theory can promote cooperation in economic affairs by putting meaning behind decision making. Taking notice that countries will most likely have future affairs will dictate the way they act in their current decision making. Knowing that states have to work together in future endeavors, they need to expect that every play is going to affect the next one. This theory also goes the other way in that states who have less future decisions that need to be made together will play with a one game mindset, leaving them being less cooperative and more selfish. In an instance where there is only one decision that needs to be made, states will use it to make sure they are getting the maximum benefit without putting any reliance on the other country to do the same. This is why states are more likely to think for themselves and make selfish moves that might not even lead them to the best outcome. The US has found itself to be involved in many free trade agreements...