GAME THEORY

GAME THEORY One of the nearly famous and approximately thoroughly studied examples of game theory is the Prisoner?s Dilemma. In this situation, the constabulary consider caught two people and supercharged them with a crime. The police separate the captives into different rooms and honorarium off them the option of confessing. The police tell the two prisoners that they see luxuriant evidence of the crime to send them to jail for X fall of years.

However, if one prisoner confesses all-embracingy to the crime and testifies against the opposite besides the other doesn?t, then the prisoner who confessed will er adicate get a much lighter reprobate than X and the prisoner who did not confess will get a heavier sentence than X. However, if both of the prisoners confess and testify against the other, then the police have enough evidence to convict both prisoners for a sparingly heavier sentence than X. Since neither of these prisoners knows what the other one is saying, we bath theatrical role a decision tree to pin down the dominant scheme for the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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