Friday, April 19, 2013

Game Theory Application

Interesting application of the two-person two-strategy game.

3 comments:

Brett said...

Brilliant strategy. But I would have loved to see the dark-skinned fellow choose "steal" after all that and take the money for himself.

Brett said...

Brilliant strategy. Or was it? The white guy convinced the other guy that this normal form game was now an extensive form game, but in the end it was still a normal form game with simultaneous decisions. I suspected the white guy would go with "split" after all. If the dark-skinned fellow had the same suspicion, then he should have chosen "steal" (with little remorse, I might add) and the plan would have back-fired in his favor.

Brett said...

Brilliant strategy. Or was it? The white guy convinced the other guy that this normal form game was now an extensive form game, but in the end it was still a normal form game with simultaneous decisions. I suspected the white guy would go with "split" after all. If the dark-skinned fellow had the same suspicion, then he should have chosen "steal" (with little remorse, I might add) and the plan would have back-fired in his favor.