Skip to main content

The Emerging Revolution in Game Theory

Prison’s Dilemma has been around for quite some time. Everyone had thought that they had figured out the strategy.
The only problem is that it was not until recently that it was discovered that if you follow a specific strategy you could actually beat your partner.

The Game
The Emerging Revolution in Game Theory

The game is a rather basic concept. It is the idea that you and a friend are detained for a crime. You are given two options, you can either snitch and go free and allow your friend to spend the maximum amount of time in jail, or you can stay silent and hope that your friend does the same. Your friend may snitch and if they do and you do not you will serve the full amount of time for example 1 year. Your friend may snitch, and if you do as well then you will split the full amount of time and both serve 6 months each. You both may remain silent, and if this is the case then you both will go free.
prisoners dilemma

The theory behind the game was not to risk taking your chances and just simply confess, and that way you could guarantee that you would not end up serving the maximum jail sentence. You would only serve half the sentence at the most and nothing at the least.

The New Theory

The new theory only works if you play multiple rounds. A person that quits after the first round will not be affected by the new theory, so only read on if you are interested in finding a way to beat the system in multiple rounds.
Guilty or not guilty

Most people thought that the pattern was to follow a strategy where they would simply copy what the player did to them in the previous round in order to ensure that you would only serve the same amount of time that your opponent would. The only problem with this strategy would be that the game would basically end up being a wash which would tie both opponents and what is the fun in that?

A recent discovery or theory realized that there was a way in which you could beat your opponent as long as they were not implementing the same strategy. It is the theory that you do not base your decision on what your opponent previously did, but you weigh your decision based on the likelihood of what you opponent will do the current round. You wager a longer sentence based on this strategy which in turn will have your opponent end up with more jail time.


How Life Changes

Many true life strategies or theories have been based around this thought process. Therefore, the fact that there could be a change in the entire theory behind the reasoning could greatly change a lot of things such as economics, trade, and other types of business negotiations. The theory has created quite an upheaval in the world of the Prisoner’s Dilemma, and has left the creators scrambling for an explanation or a correct.

It is rather surprising that the theory would come after such a long period of time has passed, but it just goes to show that sometimes a fresh pair of eyes is all that is needed in order to spot an error or find a hole in a thought process. It will be interesting to see how things change once all the dust settles around the announcement of this theory and what the response will be to the announcement of the new theory. It has only been a couple of months since the announcement, but quite a lot of people are still stunned by the shock.

Author Bio: This post is written by Jason Phillips, a freelance blogger and writer. He mostly writes on the topics like gadgets, technology and video games. Click here to know more about his articles.

Comments

Popular posts from this blog

List Of Common Flowers in Kerala With Pictures

Kerala is one of the famous tourist spot situated on the south of India famous for its numerous wild life and thick vegetation. Like the Himalayan ranges on the north of India,

Building Blocks for Virtual Businesses : Key technological systems you must have to succeed in the remote business world

This is a guest post by Ripley Daniels about "Key technological systems you must have to succeed in the remote business world.

Whenever I tell friends I had a tough day at the office, they laugh at me. That's because they know I don't really have an office. I work very hard but I work for a company that is completely remote. Only a few of my co-workers ever go into an office at all and when they do, it's only for short periods of time. Our "office" is a virtual one. To us, the traditional office workplace is a thing of the past, alongside Tyrannosaurus Rex, the slide rule, and telephones where you stick your finger in a hole and turn a dial.
Unfortunately, none of this prevents me from having tough days. I still have them. But the reasons have nothing to do with the fact that my co-workers and I don't have a brick and mortar edifice that we can use to plan, strategize, hold our meetings, make presentations, discuss sensitive business topics, build relatio…

About Web Offset Printing and Its Advantages

The sheer lion's share of business printing for inventories, magazines or books is on an offset printing press. There are numerous motivations to use web offset printing versus sheet encouraged and here are some for your thought as the advantages are numerous:

Archive

Show more