Strategy4Handout - 9/11/2008 Simultaneous Move Games...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
9/11/2008 1 Simultaneous Move Games ± Extensive form games capture the timing structure of sequential move games ± Often games are simultaneous, or the sequential nature doesn’t matter ± Tennis serve ± Production planning ± Bidding for a contract ± Voting Example – Chet and Dave ± Note that “bottom” is best for Chet regardless Dave left right Chet top 1 , 5 7 , 3 bottom 3 , 1 8 , 4 Note that bottom is best for Chet regardless of what Dave does ± “bottom” is a dominant strategy for Chet ± A dominant strategy is strictly better for a player than any other strategy, regardless of the opponent’s strategy choice Example – Ella and Fitzgerald Fitzgerald left right Ella top 1 , 5 7 , 3 bottom 3 , 1 5 , 4 ± Here, nobody has a dominant strategy ± Dominant strategies are rare ± It is even more rare for both players to have a dominant strategy Example – Washing Dishes Roommate wash don’t wash Me wash 5 , 5 1, 10 don’t wash 10 , 1 3, 3 ± I have a dominant strategy: don’t wash ±
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Strategy4Handout - 9/11/2008 Simultaneous Move Games...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online