Nash Equilibrium- Using a strategy to make the best result. Don’t change the strategy

Game theory – trying to get your opponent to change their strategy for you to succeed

Prisoner dilemma- try to negotiate with your opponent to make the safest most beneficial decision.

 

Serendip is nearly the same as the games we have recently played in class. Even though it is a computer it acts just like the ruthless people did. If you screw it over by competing it will try to get even no matter what. If you’d just cooperate with it, it would be the most beneficial for you and the computer.

Give an example of Game Theory/prisoner dilemma:

 

In history:  The cold war standoff. Trying to keep each other from destroying one another all while trying to keep the highest military superiority.

 

In Government: When running for a campaign u might need to guess your opponents next move so u can be ready to counter the subject in debate.

 

In economics: Making a deal with a rival company so you both agree to sell a similar product at the same price so u both make a profit and stay in business.

 

related to sociology: A group of protesters tries to get their point across effectively without angering the authorities.

 

related to psychology: I’m playing chess and I try to get my opponent to believe I am using a different strategy than I actually am.

 

In your everyday life: There’s one brownie left and there’s you and your brother. You can split it, take the whole for yourself or you could give it to your brother.