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Pros And Cons Of Game Theory

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Game Theory Project
Case study: Capital punishment for sexual assaulter – Pros and Cons
Submitted by: Saloni Mittal Roll no: 12606
Introduction
You wake up in the morning, get ready for work- which clothes to wear? –Dilemma! you go down for breakfast –what to eat? –Dilemma, go by private car or save money and use a public transportation –Dilemma! To stay back late for work or to reach home early because travelling makes you susceptible to rapes –DILEMMA! To let the rapists live or to execute them and set an example for the society is a dilemma. We might flip a coin or go by instinct for the other cases but last two situations require some discretion. These dark, stark realities, you cannot afford to take a chance , you decide , not only …show more content…

The economic theory proposing that humans are rational being and rational being respond to incentives thus uses utility functions and payoffs to formulate the exact amount of punishment or to study the effects of punishments. Game theory forms as a good means of problem solving because it averages out the overall effects of the randomness in the behavior of criminals, given that most of them are outliers. Also in such cases it is a good tool because very high payoffs usually elicit rational behavior and when the matters are of life and death, people mostly act …show more content…

For the criminals we are assuming that the utility from committing the violation crime is positive but committing a murder is negative [1]. This comes out from the fact that most of the rapists admitted that they never want to murder their victims. Rape is more about power play for them where in undermining the victims right and thrashing their self-respect , they feel a sense of superiority which soothes their under confident self. Groth theory about sexual violence succinctly describes it. [2] Also losing life is the biggest threat and the utility of losing life or being susceptible to any such threat is also negative. So we assume that the payoff of raping and killing is lower than being alive and hence gets a higher ordinal ranking. We also assume that murders are worse crime than rapes (not that we are trying to weigh down the repercussions of rape faced by the victim but it is ubiquitous in law system all over the world that punishment for murder is severe as compared to rape, hence the

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