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Game Theory - Coggle Diagram
Game Theory
Game Examples
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Monty Hall Problem: A classic probability puzzle demonstrating the power of switching choices.
2 Finger Morra: A simple game with a matrix showing payoffs for different action combinations.
Normal Form: Games represented as a matrix, often with hidden information or chance.
Extensive Form: Games represented as a decision tree, tracking knowledge and turn-taking.
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Rock Paper Scissors: A classic zero-sum game with no optimal strategy, requiring mixed strategies.
Hawk Dove: A game exploring evolutionary stable strategies and the balance between cooperation and conflict.
Prisoners' Dilemma: A game showcasing the tension between individual rationality and collective benefit.
Mutual Assured Destruction (MAD): A concept where the only stable outcome is mutual destruction, emphasizing the potential consequences of aggression.
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Battle of the Sexes: A game demonstrating the conflict between individual preferences and the need for compromise.
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What is it?
The study of mathematical models of conflict and cooperation between intelligent, rational decision-makers
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Key Concepts
Mixed Strategy Equilibria: Strategies involving randomization to achieve a balance where no player has an advantage.
Nash Equilibrium: A stable state where no player can improve their outcome by changing their strategy, given the strategies of other players.
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