Conversation

The 5 mother sauces of game theory 1. Prisoner’s dilemma 2. Ultimatum 3. Dictator 4. Rock Paper Scissors 5. ??
49
160
Replying to and
It's a big one! But seems less well known unless you come from economics background en.wikipedia.org/wiki/Public_go I think it has analogs with the Keynesian beauty contest but haven't found any solid examples. en.wikipedia.org/wiki/Keynesian
1
2
Replying to and
Quickly evolves into using price signals and the reputation/memory systems as seen in extensions of the tit-for-tat simulations if done as an iterative game. I think there's a larger overarching model of decision making games hiding in information theory.
1
2
Replying to and
It's covered a bit in ribbonfarm.com/2017/02/02/aft by (see "iteration") I made a joke about it in the context of the speed-accuracy trade off here:
1
2