Prisoners Dilemma Examples, Part II
This video gives a few more examples of prisoner's dilemma's including:
*Investment in innovation by duopoly firms
*Grading on the curve
*Whether to go to war
*Friends apologizing
Prisoner's Dilemmas are where:
1) Both (all) players have a dominant strategy.
2) Both players prefer the situation where they both play their dominated strategy more than they prefer the Nash.
0:19 - What is a Prisoner's Dilemma?
0:56 - Charity Donations
2:05 - Grading on a Curve
3:48 - War & Peace
5:08 - Innovation Investment (Oligopoly)
7:23 - Apology to Friend
Пікірлер: 6
The examples you are giving are so gem that I am explaining it to every Non-Econ friend
You helped me pass my senior level Econ course to graduate, Ashley. THANK YOU!!
Hey and hello from Germany! Keep up the good work👏👏👏
I love your videos! They are helping me understand much better - you have a gift - thank you for sharing it! I am still searching to understand what is meant by efficient and inefficiency with regards to equilibrium using game theory. Will continue to locate if you have any videos on this.
Thank you for this video!!!
Repeated games!