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Prisoner's Dilemma and Some Analogs in Game Theory
Prisoner's Dilemma and Some Analogs in Game Theory
This Demonstration illustrates some examples of game theory, including the classic scenario of the prisoner's dilemma and analogs in economics and athletics. Users can play against one another or against the computer. The computer can also play against itself.
A Nash equilibrium occurs when no individual player can obtain a more favorable average payoff by deviating from a strategy in which it is assumed that all other players are using their optimal strategies. You might try to determine the Nash equilibrium for each of the three game theory examples.