Can Game Theory Explain Cooperation?

Source: EconLog
by Max Molden

“I must begin this blog post with a confession. I have never been into game theory, and although I did take some undergraduate courses in it, I’ve always struggled to understand it all. But while I was somewhat uneasy about game theory (or at least parts of it), I couldn’t express the reasons for my reservations. It was more of a feeling. From these days, I still remember a conversation I had with a fellow undergrad (perhaps she had also recently graduated) about game theory. She was rather fond of it and gave nice arguments about why it was helpful and good. Back then, one of the criticisms I voiced was that game theory struggled to explain cooperation, or so I thought.” (12/28/24)

https://www.econlib.org/can-game-theory-explain-cooperation/