Prisoner And dictator Game Theory
A game is an organized, structured form of playing, normally undertaken for fun or amusement, and at times used as a teaching tool. Games are different from work, which often is carried out only for recreation, and from literature, that is more often an expressive expression of philosophical or artistic thoughts. The variety of games is enormous and can be categorized into a number of major themes, such as racing, sports, puzzles, dress-up, etc. Many people think of games as having a universal appeal and many games have been popular for centuries.
A major theme in games is conflict, either between human players or between the forces within a game environment. There are a number of major conflicts which people use to engage with, including the prisoner’s dilemma, the dictator game, the prisoner’s dilemma plus many others. In a large number of games the players try to solve puzzles to gain the highest score, while others try to achieve some kind of equilibrium.
The prisoner’s dilemma is one of the simplest games and has a simple solution: the player who asks for the most points wins. This is often referred to as the “dilemma of life” and is perhaps the most familiar of all the prisoner’s dilemmas. In the prisoner 2 version of the game, on the other hand, there is only one answer: whichever player reaches this last bar first wins. However, when both players reach the bars they switch places, so that the person who got the highest score is now the prisoner.
The dictator game is also very simple, but there is much more going on here than just a matter of life and death for the prisoners. For instance, the two prisoners, if they were to fight, would succeed over the one who asked for less points. The question is how can this particular game be used in order to solve more complex problems? The game theory says that if we use the same procedures, we can solve a wider range of problems. If we use the same techniques, but apply them in a slightly different way, we may find new approaches to Prisoner Dilemma.
The Nash equilibrium is often called the game theory of value, because it shows us that we can get the same benefit by doing two different things. Let’s say that we have four people who are each paying $3 for a round of poker. Two of these people are acting dishonestly, and they will bet out of the game; this leaves the third player with no chips, but he has spent all of his time in the game, earning chips, hence he is now worth more money than the other two players. Thus the Nash equilibrium states that the player who spends the most time in the game, earning chips, has the highest value.
The prisoner and dictator games are both non-cooperative, so they are also equivalent to the prisoner and the dictator game theory. In the prisoner game, there is one leader who decides the rules, makes all of the decisions, then when the ten players get together, they vote to either lynch the leader, or keep him. Once the ten players have reached a consensus, then the leader is revealed to be innocent and put back in the game. When they go back to the starting board, they must choose the same plan, or choose a different one.