Game Theory video by Adam Galambos
In the second part of this two-part installment, Dr. Levkoff provides an intuitive approach (slightly more technical than the first part of the installment) to solving the infinitely repeated prisoner’s dilemma using a folk theorem. […]
In this (final) video in this course, we consider a simple oligopoly model based on the prisoners’ dilemma game.
A game theory model illustrating how actors make decisions based on distrust and isolation from one another that leaves both worse off than if they had trusted one another and cooperated instead.
Both in the field and in the lab, participants frequently cooperate, despite the fact that the situation can be modelled as a simultaneous, symmetric prisoner’s dilemma. This experiment manipulates the payoff in case both players […]