Prisoner's Dilemma - Learn Game Theory from a Ninja!
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awesome video I'm taking econ next year and I'm glad I found that very interesting.
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Is 2/2 a minimax solution? I did a tiny bit of "game theory" in an analysis of optimal control course and for some reason the essence of game theory -- for me -- has been boiled down into "choose the strategy that minimises your loss". So if both prisoners were rational, they'd choose 2/2.
Eugh! I guess this is just the optimal solution.
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The dilemma Nash equilibrium is easily made null by allowing for another external outcome that is worst that not cooperating,i.e, rat out. For example if one prisoner rats out, he and his family will be killed as retaliation.
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My school actually made me watch this for a test..
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Blazen, this IS an example of a Nash Equilibrium (at rat-rat), given that both players are playing their dominant strategy, and for either to unilaterally deviate from that position would result in a lesser outcome for that player.
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WTF? HAhaha brilliant
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Correct. John Nash is the founder of finding equilibrium strategies in simultaneous games with no DS called the "Nash Equilirium". Also this guy is wrong. This game goes NOT yield a Nash Equilibrium. That is only where an equilibrium point is yielded in a situation where there is NO dominant strategy that either player could take. This game obviously has a dominant strategy. Trust me on this one I have a masters degree in this shyt.
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LMAO nice swords.
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DUUUUUUUUUUUude, thank you, watched like 12 videos and didnt understand shit, but its so easy actually. Thanks again mate, appreciated!!
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the scene in the Dark Knight with the two ferries I think is reference to Nash's Prisoner's Dilemna.
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hey aren't you Michael Anuzis?
bbq06 2 years ago 9
Awesome video. Excellent presentation. One point, though: I'm pretty sure John Nash is not the founder of Game Theory (6:20), John von Neumann is usually given this credit.
stephencavey 1 year ago 8