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Game Theory - Coggle Diagram
Game Theory
Game theory is the study of mathematical models of conflict and cooperation between intelligent, rational decision-makers.
Monty Hall Problem
The Monty Hall problem is a counter-intuitive statistics puzzle,
- There are 3 doors, behind which are two goats and a car.
- You pick a door (call it door A). You’re hoping for the car of course.
- Monty Hall, the game show host, examines the other doors (B & C) and opens one with a goat. (If both doors have goats, he picks randomly.)
2 Finger Morra
Two players simultaneously hold up either one or two fingers.
- If they hold up the same number of fingers, player 1 wins from player 2 the sum (in pennies) of the digits help up on both players' hands.
- If they hold up different numbers, then player 2 wins the sum from player 1
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Nash Equilibrium
A Nash equilibrium is a set of strategies, one for each player, such that no player has incentive to change his or her strategy given what the other players are doing.
1950 - The best all round strategy
Prisonners’ Dilemma
A prisoner’s dilemma is a decision-making and game theory paradox illustrating that two rational individuals making decisions in their own self-interest cannot result in an optimal solution.
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Stag Hunt
Analogy for social cooperation - Two hunters can cooperate and bring down a deer, or individually catch a rabbit.
A game is finite if the number of players in the game is finite and the number of pure strategies each player has is finite.
Stag hunt - 2 players, 2 strategies. Therefore, it is a finite game.
Battle of the Sexes
The battle of the sexes (BOS) is a two-player coordination game that also involves elements of conflict
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