3 ms·
TLDR: In Prisoner's Dilemma, defecting is a dominant strategy, and both players defecting is the only Nash equilibrium. In Snowdrift, there is no single dominan
by whack 9y ago
TLDR: In Prisoner's Dilemma, defecting is a dominant strategy, and both players defecting is the only Nash equilibrium. In Snowdrift, there is no single dominant strategy, and no Nash Equilibrium exists at all.
By design, the Snowdrift game rewards cooperation more than Prisoner's Dilemma, so it's no surprise that people cooperate more in Snowdrift. The real question is which game better models reality.
http://www.gametheory.net/dictionary/DominantStrategy.html http://www.gametheory.net/dictionary/DominantStrategy.html
https://en.wikipedia.org/wiki/Nash_equilibrium https://en.wikipedia.org/wiki/Nash_equilibrium
- cgmg 9y ago"In Snowdrift... no Nash Equilibrium exists at all." Doesn't that contradict Nash's existence theorem? I believe Snowdrift has 2 (pure) Nash equilibria, namely CD and DC.
- throwa_way_ 9y agoYou are wrong. There do exist Nash equilibria in the game [0]. [0]https://en.wikipedia.org/wiki/Chicken_(game)#Best_response_mapping_and_Nash_equilibria https://en.wikipedia.org/wiki/Chicken_(game)#Best_response_m...
- whack 9y agoYou're right, my bad.