GameTheory ppt - Communication...

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THE PRISONER’S DILEMMA GAME THEORY Communication  Conflict Resolution Negotiation CAS 404
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Communication  Conflict Resolution Negotiation The Prisoner’s Dilemma is an exercise designed to explain Negotiation  using Game Theory Game theory attempts to mathematically capture behavior in  strategic  situations , in which an individual's success in making choices depends  on the choices of others. The exercise also demonstrates the “Nash Paradox” (aka Nash’s  Equilibrium) Prizes There are prizes and they are great.
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Conflict Resolution Negotiation Everyone gets 2 cards One red card one black card, share a score sheet  Playing a black card gives your opponent 2 points Playing a red card gives you 1 point Player A Player B A gets B gets Red Red 1 Point 1 Point Black Black 2 Points 2 Points Red Black 3 Points Zero Black Red Zero 3 Points
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This note was uploaded on 02/03/2010 for the course CAS 404 at Pennsylvania State University, University Park.

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GameTheory ppt - Communication...

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