GAME THEORY

GAME THEORY One of the nearly famous and most thoroughly studied examples of game theory is the Prisoner?s Dilemma. In this situation, the police consider caught two people and charged them with a crime. The police separate the captives into different rooms and pay off them the option of confessing. The police tell the two prisoners that they have luxuriant evidence of the crime to send them to jail for X fall of years.

However, if one prisoner confesses fully to the crime and testifies against the other besides the other doesn?t, then the prisoner who confessed will remove get a much lighter reprobate than X and the prisoner who did not confess will get a heavier sentence than X. However, if both of the prisoners confess and testify against the other, then the police have enough evidence to convict both prisoners for a sparingly heavier sentence than X. Since neither of these prisoners knows what the other one is saying, we can theatrical role a decision tree to determine the dominant scheme for the...If you want to get a full essay, order it on our website: Ordercustompaper.com

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