Definition (Domination) Let and be two strategies (formally defined later, take it to mean :choice of action” ) for player and let be…
We’ve thought about how to play some canonical games. If you take a step back, and analyze the game as an outside observer, can we see that…
Definition (Keynes’ Beauty Contest Game) This game was invented by John Maynard Keynes. Suppose that you hold a stock and the price is…
Definition (Prisoner’s Dilemma) The Prisoner’s Dilemma is any game in the following form: With . If both players co-operate (C,C), they both…
Definition (Key Ingredients of Games) Players — The decision makers. Examples include people, governments (trade agreements), companies…
If you got a popup like this, you’d probably be hesitant to download whatever program it leads to. But what if it actually worked? If two…