Deadlock , Game Theory

Description

The simplest of William Poundstone's social dilemmas during which the every player contains a dominant strategy and also the equilibrium is Pareto optimal. the sole factor qualifying it as a social dilemma is that the arbitrary assignment of labels to the methods. just like the Prisoner's Dilemma, every player hopes for the opposite to cooperate, however neither will. However, not like the Prisoner's Dilemma, the ensuing equilibrium is Pareto optimal.

Example



Player 2



cooperate

defect

Player 1

cooperate

1,1

0,3

defect

3,0

2,2

General Form



Player 2



L

R

Player 1

U

a,w

b,x

D

c,y

d,z

Where the following relations hold:
c>d>a>b 
x>z>w>y 

 

Posted Date: 7/21/2012 3:46:17 AM | Location : United States







Related Discussions:- Deadlock , Assignment Help, Ask Question on Deadlock , Get Answer, Expert's Help, Deadlock Discussions

Write discussion on Deadlock
Your posts are moderated
Related Questions
Rollback (often referred to as backward induction) is an iterative method for solving finite in depth kind or sequential games. First, one determines the optimal strategy of the pl

Consider the Cournot duopoly model in which two firms, 1 and 2, simultaneously choose the quantities they will sell in the market, q1 and q2. The price each receives for each unity

Assuming that there are only 2 airline companies in the world, Delta and US Airways, what is the ((Nash) Equilibrium) or price that each company in the following matrix will charge

An equilibrium refinement provides how of choosing one or many equilibria from among several in a very game. several games might contain many Nash equilibria, and therefore supply

1. Consider two firms producing an identical product in a market where the demand is described by p = 1; 200 2Y. The corresponding cost functions are c 1 (y 1 ) = y 2 1 and c 2

In a repeated game it is often unspecified that players move concurrently at predefined time intervals. However, if few players update their policies at different time intervals, t


Twentieth century mathematician who expanded on earlier fastened purpose theorems. a hard and fast purpose theorem defines the conditions on a perform, f(x), beneath that there exi

what will be the best strategy for a bidder in an auction comprised of four bidders?

A game is one among complete data if all factors of the sport are common information. Specifically, every player is awake to all different players, the timing of the sport, and als