lecture1 - Nau: Game Theory 1 Updated 9/19/11 CMSC 498T,...

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Unformatted text preview: Nau: Game Theory 1 Updated 9/19/11 CMSC 498T, Game Theory 1. Introduction Dana Nau University of Maryland Nau: Game Theory 2 Updated 9/19/11 What is Game Theory? Game theory is about interactions among agents (or players ) that are self-interested : Different agents have different preferences They like some outcomes more than others Nau: Game Theory 3 Updated 9/19/11 Some Fields where Game Theory is Used Economics, business Markets, auctions Economic predictions Bargaining, fair division Nau: Game Theory 3 Updated 9/19/11 Some Fields where Game Theory is Used Economics, business Markets, auctions Economic predictions Bargaining, fair division Nau: Game Theory 4 Updated 9/19/11 Some Fields where Game Theory is Used Government, politics, military Negotiations Voting systems International relations War World War 1 army trench Nau: Game Theory 5 Updated 9/19/11 Some Fields where Game Theory is Used Biology, psychology, sociology Population ratios, territoriality Parasitism, symbiosis Social behavior Nau: Game Theory 6 Updated 9/19/11 Some Fields where Game Theory is Used Engineering, computer science Game programs Computer and communication networks Road networks Nau: Game Theory 7 Updated 9/19/11 Example: Lets Play a Game I need two volunteers to play a short game Preferably two people who dont know each other Youll have a chance to get some chocolate Nau: Game Theory 8 Updated 9/19/11 Example: Lets Play a Game I need two volunteers to play a short game Preferably two people who dont know each other Youll have a chance to get some chocolate Come to the front of the room Face opposite directions, dont talk to each other You may choose one of two actions Dont let the other player know which one, until I say so Nau: Game Theory 9 Updated 9/19/11 Example: Lets Play a Game I need two volunteers to play a short game Preferably two people who dont know each other Youll have a chance to get some chocolate Come to the front of the room Face opposite directions, dont talk to each other You may choose one of two actions Dont let the other player know which one, until I say so The Chocolate Dilemma * Take 1 piece of chocolate, and you may keep it Take 3 pieces of chocolate, and theyll go to the other player __________ * http://theoryclass.wordpress.com/2010/03/05/the-chocolate-dilemma/ Nau: Game Theory 10 Updated 9/19/11 Please go to http://www.surveymonkey.com/s/RYLDSRX and tell which Chocolate Dilemma action you would choose in each of these situations: The other player is a stranger whom you'll never meet again....
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This note was uploaded on 01/13/2012 for the course CMSC 498T taught by Professor Staff during the Fall '11 term at Maryland.

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lecture1 - Nau: Game Theory 1 Updated 9/19/11 CMSC 498T,...

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