Explain How the Traditional View of Rationality and Equity Applies

question 14

Essay

Explain how the traditional view of rationality and equity applies to game theory.

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Definitions:

Social Comparison

The process of evaluating one's own abilities, achievements, and situation relative to others.

Social Cognition

Research on the processes through which humans process, save, and employ insights about other persons and social environments.

Evolutionary Perspective

An approach in various disciplines that considers the evolutionary backdrop of behaviors, structures, and processes.

Cultural Knowledge

an understanding of the customs, beliefs, and practices of different societies and communities.