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Other famous games A sample of other games: Marriage Disarmament (my generals are more irrational than yours) Prisoner’s Dilemma Notes: Higher payoffs (longer sentences) are bad. Noncooperative equilibrium ? Joint maximum NCE Jt. max. Games of Conflict ? Two sides peting against each other ? Usually caused by plete lack of information about the opponent or the game ? Characteristic of zerosum games Games of Cooperation Players may improve payoff through ? municating ? forming binding coalitions amp。s strategy A may be different from Player II39。 Oskar Menstern write Theory of Games and Economic Behavior” ? 19501953 John Nash describes Nash equilibrium Rationality Assumptions: ? humans are rational beings ? humans always seek the best alternative in a set of possible choices Why assume rationality? ? narrow down the range of possibilities ? predictability Utility Theory Utility Theory based on: ? rationality ? maximization of utility ? may not be a linear function of ine or wealth It is a quantification of a person39。Introduction to Game Theory Yale Braunstein June 2020 General approach ? Brief History of Game Theory ? Payoff Matrix ? Types of Games ? Basic Strategies ? Evolutionary C