Game theory learning log

 

PS:以前看过一些资料，后来由于买的书过于艰深没有继续下去，现在重新开始。

 We need know what people care about .When we just change the payoffs the dominates has changed,and we get a very different  game which a different outcome.So the basic is the payoffs matter.The famous example is "Prisoner's Dilemma" ,when chang the payoffs ,it becomes "Coordination problem".It is the importame of payoffs.

"Alfa"is a strictly greater than that from "Beta" regardless of what other do.Why dose everyone choose "Btea" is not astrictly dominated strategy? First reason:I can't going to affect people's choice  one way or the other.Second reason:If I could make everyone choose "Beta",I should choice "Alfa",beacuse that way I end up geting more.It's also why not in Jack Welch's Winning,it is impossable to frank each ohter.

If I was the evil git, the face that others change,I have no change in the payoffs. If I was anindignant angel,my "Alfa"doesn't dominate my "Beta".But look at my opponent.My opponent's "Alfa" dominate his "Beta",For my opponent,"Alfa"dominate "Beta"and my best response against "Alfa".

Lesson one of the course is:Do not play a strictly dominated strategy.

Lesson two of the course is:Rational choices by rational players,can lead to bad outcomes.

Lesson three of the course is:"You can't get what you want,till you konw what you want."

Lesson four of the course is:Put yourself in other's shoes and try to figure out what they will do.

           This is the first difficult lesson of the class.that a great way to analyze games,a great way to get used to the idea of strategic thinking,perhaps even the essence of strategic thinking is the ability to put yourself in someone else's shoes,figure out what their payoffs are,and try and figure out what they're going to do. The more hard is that while we're here,let's just mention that things will get more complicated in a world.Where I don't actually know  the payoffs of my opponent.It is much easier to figure out my own payoffs than to figure out my opponent's payoffs.

Lesson five of the course is: Rational/smart people are evil.

           In the real world,when they do these experiments(Prisoner's Dilemma),they finf out that roughly 70% of people choose "Alfa"and roughly 30% choose "Beta".At Yale the ratio is 238 versus 36.