Volunteer's dilemma — The volunteer s dilemma game models a situation in which each of N players faces the decision of either making a small sacrifice from which all will benefit, or freeriding. William Poundstone [William Poundstone: Prisoner s Dilemma: John von… … Wikipedia
Prisoner's dilemma — This article is about game theory. For the 1988 novel, see Prisoner s Dilemma (novel). For the Doctor Who audiobook, see The Prisoner s Dilemma. For the 2001 play, see The Prisoner s Dilemma (play). The prisoner’s dilemma is a canonical example… … Wikipedia
Unscrupulous diner's dilemma — In game theory, the Unscrupulous diner s dilemma (or just Diner s dilemma) is an n player prisoner s dilemma. The situation imagined is that several individuals go out to eat, and prior to ordering they agree to split the check equally between… … Wikipedia
Chicken (game) — For other uses, see Chicken (disambiguation). The game of chicken, also known as the hawk dove or snowdrift[1] game, is an influential model of conflict for two players in game theory. The principle of the game is that while each player prefers… … Wikipedia
Tragedy of the commons — Cows on Selsley Common. The tragedy of the commons is one way of accounting for overexploitation. The tragedy of the commons is a dilemma arising from the situation in which multiple individuals, acting independently and rationally consulting… … Wikipedia
Nash equilibrium — A solution concept in game theory Relationships Subset of Rationalizability, Epsilon equilibrium, Correlated equilibrium Superset of Evolutionarily stable strategy … Wikipedia
n-player game — In game theory, an n player game is a game which is well defined for any number of players. This is usually used in contrast to standard 2 player games that are only specified for two players. In defining n player games, game theorists usually… … Wikipedia
No-win situation — A no win situation, also called a lose lose situation, is one where a person has choices, but no choice leads to a net gain. For example, if an executioner offers the condemned the choice of dying by being hanged, shot, or poisoned, since all… … Wikipedia
Normal-form game — In game theory, normal form is a way of describing a game. Unlike extensive form, normal form representations are not graphical per se, but rather represent the game by way of a matrix. While this approach can be of greater use in identifying… … Wikipedia
Deadlock (game theory) — C D c 1, 1 0, 3 d 3, 0 2, 2 In game theory, Deadlock is a game where the action that is mutually most beneficial is also dominant. (An example payoff matrix for Deadlock is pictured to the right.) This provides a contrast to the Prisoner s… … Wikipedia
Best response — In game theory, the best response is the strategy (or strategies) which produces the most favorable outcome for a player, taking other players strategies as given (Fudenberg Tirole 1991, p. 29; Gibbons 1992, pp. 33–49). The concept of a … Wikipedia