Paired prisoners'' dilemma, Game Theory

Assignment Help:

Paired Prisoners' Dilemma

Students can be paired off and instructed to play several ver-sions of a particular game with a prisoners' dilemma structure.Provide each pair with a sheet describing the payoff tablefor the game and with space available to indicate the choicesmade by each player in each round and in each version ofthe game.

First, tell students that the game will end after a knownnumber of rounds, say 10. Have them play through 10 rounds,keeping track of their choices. Then have them play another10-round game, and a third if there is time. As with the dimegames, you should see convergence to the rollback equilibrium of always cheating within a few plays of the finite game;students who try to cooperate originally will lose out to cheat-ing rivals at the end of the game and will cheat earlier andearlier in each successive play of the game.

Second, try a version in which the students play a roundat a time without knowing when the game will end; you callout an end to the game after some number of minutes. Thisversion is similar to the Serendip version available on theweb (see URL above) except that the rival's strategy is not as predictable. In addition, there is uncertainty about howlong the game will last since it could be very short (unlikethe web version) or relatively long. You can do this severaltimes and ask the students to describe how their behaviorchanges in future plays of the game.

Each of these games gives the students the opportunity toexperience the actual play of a prisoners' dilemma. The dis-cussion that follows can be used to consider discrepanciesbetween predicted and actual behavior, changes in behaviorin later plays of the same game, how players update infor-mation about a rival's play, and other issues related to players'willingness to cooperate (including cultural norms, friendships,rivalries, etc.) 


Related Discussions:- Paired prisoners'' dilemma

What are the important forms of product differentiation, What are the impor...

What are the important forms of product differentiation? There are three significant forms of product differentiation, which are: 1. Differentiation through style or type –

Pareto dominated, An outcome of a game is Pareto dominated if another outco...

An outcome of a game is Pareto dominated if another outcome would build a minimum of one player at an advantage while not hurting the other player. That is, another outcome is weak

Find the nash equilibria of game - bimatrix of strategies, Players 1 and 2 ...

Players 1 and 2 are bargaining over how to split one dollar. Both players simultaneously name shares they would like to keep s 1 and s 2 . Furthermore, players' choices have to be

Mutual information, Something in a very game is Mutual information if all p...

Something in a very game is Mutual information if all players realize it. A seemingly straightforward concept, mutual information is insufficient to research most games, since it's

Absolute auction, A general term for an English auction in which there is n...

A general term for an English auction in which there is no reserve price, guaranteeing that the object will be sold to the highest bidder regardless of the quantity of the bid.

What terms are included in the monopolistic competition, What terms are inc...

What terms are included in the monopolistic competition? Product Differentiation: 1. The meaning of monopolistic competition and product differentiation 2. Why monopolist

Ring, A collection of colluding bidders. Ring members comply with rig bids ...

A collection of colluding bidders. Ring members comply with rig bids by agreeing to not bid against one another, either by avoiding the auction or by putting phony (phantom) bids

Grim trigger strategy, A trigger strategy sometimes applied to repeated pri...

A trigger strategy sometimes applied to repeated prisoner's dilemmas during which a player begins by cooperating within the initial amount, and continues to cooperate till one defe

Formulate the situation as strategic game - nash equilibrium, Two individua...

Two individuals use a common resource (a river or a forest, for example) to produce output. The more the resource is used, the less output any given individual can produce. Denote

Complete data, A game is one among complete data if all factors of the spor...

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

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd