Tag: game theory
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Game Theory #2: The Accelerate Dilemma or Axelrod Game Theory
Remember my blog post about the Prisoner’s Dilemma (Game Theory #1)? That was about a one-time event where prisoners have to make a choice. But in real life, we go through a series of repeated events like repeated Prisoner’s Dilemmas.…
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Game Theory #1: The Prisoner’s Dilemma
In 1950, two mathematicians named Merrill Flood and Melvin Dresher developed a model which was later formalized and popularized by Albert W. Tucker. That model is now known as the Prisoner’s Dilemma. What is that? imagine two prisoners who are…
