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Study with Quizlet and memorize flashcards containing terms like The prisoners' dilemma is an example of a. a sequential-move game b. a simultaneous-move game. c. a shirking game. d. a tit-for-tat game., A Nash equilibrium a. is where one player maximizes his payoff, and the other doesn't. b. is where each player maximizes his own payoff given the action of the other player. c. is where both ...
Sep 4, 1997 · It is also worth noting that the outcome (D, D) of both players defecting is the game's only strong nash equilibrium, i.e., it is the only outcome from which each player could only do worse by unilaterally changing its move. Flood and Dresher's interest in their dilemma seems to have stemmed from their view that it provided a counterexample to the claim that the nash equilibria of a game ...
And it's actually rational for both of them to confess. And the confession is actually a Nash equilibrium. And we'll talk more about this, but a Nash equilibrium is where each party has picked a choice given the choices of the other party. So when we think of, or each party has to pick the optimal choice, given whatever choice the other party ...
Sep 4, 1997 · A nash equilibrium requires only that the two strategies are best replies to each other as the game actually develops. A stronger solution concept for extensive-form games requires that the two strategies would still be best replies to each other no matter what node on the game tree were reached.
Game theorists and social scientists have been fascinated by Prisoner's Dilemma, a two-by-two game (two players, each with two possible pure strategies) with a particular payoff matrix (Rapoport and Chammah; Poundstone). The game's nickname and the accompanying story were provided by A. W. Tucker. Suppose that two prisoners, accused of jointly ...
The term Nash-equilibrium applies to the set of strategies taken by all the players, not to any one player’s individual strategy. If a player can only do worse by deviating then the equilibrium is strict, if she can do just as well (but no better) then then the equilibrium is weak, and if she can do better, then it is not an equilibrium. The ...
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Apr 14, 2018 · Simply put, a Nash Equilibrium is a set of best-response strategies. For a two-player game, a Nash equilibrium is an outcome where player 2's strategy is the best response to player 1's strategy and player 1's strategy is the best response to player 2's strategy. Finding the Nash equilibrium via this principle can be illustrated in the table of ...
