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„Imagine the stakes are very high—perhaps life and death.“ The only acceptable solution for perfectly rational players in the case of „death“ as possible down
by nkmnz 5y ago
„Imagine the stakes are very high—perhaps life and death.“
The only acceptable solution for perfectly rational players in the case of „death“ as possible down side while only having „live“ as a potential upside would be to extend the game indefinitely by telling the co-player that you will never agree on a different strategy than infinite play - all possible rewards, zero downside risk!
Where can I get my ticket to Oxford?
- goldcd 5y agoWell in that case, you just don't answer. Your buddy on the other side also wouldn't be expecting you to, so they'll just leave the game running indefinitely as well.
- nkmnz 5y agoExactly. Asymmetric payoffs lead to strange behavior.
- goldcd 5y agoBut I'd then be asking for a clarification of "life and death" Given a problem that's "Life and Death" - my take is that being unable to solve the problem is likely to 'be death' chips all in, presume an external signal (google or a GPS clock), and I'm shouting "Blue"