The Power of Perception in Shaping Behavior

Perception significantly influences behavior. The name or label given to a situation can drastically alter the way individuals interact within it. For instance, calling a game 'Wall Street' leads to betrayal among players, whereas labeling it as 'community' fosters cooperation. This illustrates how people conform to the perceived expectations of a situation. Thus, game theory, although widely used, may not accurately model human behavior and can even shape actions in a potentially harmful manner.