Week 11

While I have been studying game theory in my is406 class we have gone over many different ideas and topics and algorithms, many different ways that computer and human beings think a like. The differences between humans being and computer is a lot but one main different is the way in which we think about a bunch of different things. We have a broad perspective of a problem, and look at many different outcomes at the same time, maybe sub conciously or what not, but omputers think of the fast route to a problem, maybe alpha beta prunning, game treeing, pathfininding alorithms, many different ways.

From what I kow about game theory, you can use a lot of this in everydays life, a problem that we went over was the "prisoner's dilemma" and it is a tool that is used to find the most risk dominant best outcome between two people. Their are two people that get taken in to a police station and questioned for a crime and they are friends, if you trust one another than you both will stay silent and only spend a month time, if one or the other confesses to the crime than one will get no time and the other will get a year in jail or visa versa. Their is a risk strategy that you will either have to trust some one or either look at the big picture maybe try and save yourself, it all depends on peoples motives. I have an example that I am going to link to this as well.

This is just a little visual that I put up so the internet viewers will be able to see what I am talking about, this

example was part of my notes from Prof. Hansens class. You can see which one you would choose. (if you are an honest person)

You can use game theory in many other ways, in economics, Nash's Equilibrium which is " both sides have selected a strategy and neither side can independently change its strategies without ending up with a less desirable position." (Hansens notes)

This strategy is like the prisoners dilemma, what is the best dominant strategy. What is the best choice for the two that will dominate. This works on economics, the economy should balance it self out but as of now, it is not, the equilibrium is off. Hense the economy doing poorly.

Game theory is everywhere, game theory really is similiar to real life instances, the purpose of games is not just to have fun but to build strategy and open your mind to new routes and paths that are more efficient.

See ya next time,

Collin