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Game Theory - Lessons 1 - 5: The idea
Game Theory - Lessons 1 - 5: Thoughts always need to be fertilized and nurtured patience.
Game theory has always interested me. The idea of "this" being a game of sorts always intrigued me considering gaming is an intricate part of getting along in the world. Thanks to Yale open source, and Academic Earth, I have projects to last a few years. Initially I was going to provide my first thought after watching the lecture, reading the lecture, and studying the notes. That will be the system I will follow prior to writing my interpretation. Feel it will be more digestible to me the Alpha and you the Beta.
Game Theory
Definition. We say that my strategy Alpha strictly dominates my strategy of Beta if my payoff from Alpha is greater than that from Beta, regardless of what others do.
Lesson 1: Do not play a strictly dominated strategy
Lesson 2: Rational choice can lead to bad outcomes (for you)
Lesson 3: You can't get what you want, until you know what you want (ie - payoff matters)
Lesson 4:Put yourself in others shoes and try to figure our what they will do
Lesson 5: Yale students are evil gits.
Interpretation. Definition: We say that my strategy Alpha strictly dominates my strategy of Beta if my payoff from Alpha is greater than that from Beta, regardless of what others do.
Alpha strictly dominates Beta, regardless of what others do. In the real world, one considers others in the world. In game theory, well its a game, your goal is to win the game. Unless you have partners, even then in most cases, choosing an Alpha strategy would prolong your game as you can only control and know what you are going to do and hope your partners follow. So being the leader, Alpha, and getting others to care about what you are going to do places you in a better position from the start.
Lesson 1: Do not play a strictly dominated strategy
Do not play a strictly dominated strategy. Do not play a strictly dominated strategy. So important I thought about it twice and highlighted the theory. Why play a dominated strategy at all. Play a dominate strategy not a dominated strategy. If you choose to, please do so sparingly, meaning not for long and only when you are in dire straits. Similar to when you play dead when a ferocious bear is coming to attack and eat you. I have never tried the bear theory yet it does offer a good example of a time when you are dominated.
Lesson 2: Rational choice can lead to bad outcomes (for you)
Prisoners Dilemma - The idea of two crooks caught for a crime and are being questioned by the "powers that be", the rational choice is if each crook would hold to the story and not rat the other out for a lesser sentence and time. Rat, rational choice would be a good choice if you could trust your partner, yet from lesson one you cannot be certain what others will do. Hence, better to play a dominate strategy and rat your partner out first.
If you hold to your guns and keep quiet, although I would love you to be my friend and partner, you will be dominated by your rational choice of being true as you cannot be certain what your partner will do. Don't play a strictly dominated strategy.
Lesson 3: You can't get what you want, until you know what you want (ie - payoff matters)
This is strictly a gaming idea. Your logic and asking yourself the right question will provide you everything you want, just need to focus on the question to ask yourself. For example, I want to know what I want and I want it to just come to me - reciting that statement over and over and over and over will provide you what you want so it would be advantageous if you had a payoff in mind or goal of your wanting.
You get what you want, all the time and every-time, whether you believe it or not. Being proactive in your wants allows a dominate strategy instead of being dominated if you don't know what you want because then you are just playing a pawn in someone's game other than your own.
Lesson 4:Put yourself in others shoes and try to figure out what they will do.
A figurative idea as you will never truly know what someone else will or is willing to do as you only truly know one position, yours. Understanding what someone will do, even yourself if placed a simulated situation proves to be a fruitful exercise for a dominant player as it allows you to consider another outcome.
Putting yourself in other shoes is a good logic idea yet also offers an opportunity to be dominated. One - you are considering another option, one based on your interpretation of what they will do instead of focusing on what you want and will do. Granted if other players are involved and on your team, this lesson is more forthcoming.
Lesson 5: Yale students are evil gits.
Yale students are all wanting the top grades and to be the best. Assume each student wants a great grade. By assuming that each Yale student wants the best for themselves, then you must assume that each student will always assume an Alpha decision for themselves.
Alpha dominates. Beta is dominated.
Game theory has always interested me. The idea of "this" being a game of sorts always intrigued me considering gaming is an intricate part of getting along in the world. Thanks to Yale open source, and Academic Earth, I have projects to last a few years. Initially I was going to provide my first thought after watching the lecture, reading the lecture, and studying the notes. That will be the system I will follow prior to writing my interpretation. Feel it will be more digestible to me the Alpha and you the Beta.
Game Theory
Definition. We say that my strategy Alpha strictly dominates my strategy of Beta if my payoff from Alpha is greater than that from Beta, regardless of what others do.
Lesson 1: Do not play a strictly dominated strategy
Lesson 2: Rational choice can lead to bad outcomes (for you)
Lesson 3: You can't get what you want, until you know what you want (ie - payoff matters)
Lesson 4:Put yourself in others shoes and try to figure our what they will do
Lesson 5: Yale students are evil gits.
Interpretation. Definition: We say that my strategy Alpha strictly dominates my strategy of Beta if my payoff from Alpha is greater than that from Beta, regardless of what others do.
Alpha strictly dominates Beta, regardless of what others do. In the real world, one considers others in the world. In game theory, well its a game, your goal is to win the game. Unless you have partners, even then in most cases, choosing an Alpha strategy would prolong your game as you can only control and know what you are going to do and hope your partners follow. So being the leader, Alpha, and getting others to care about what you are going to do places you in a better position from the start.
Lesson 1: Do not play a strictly dominated strategy
Do not play a strictly dominated strategy. Do not play a strictly dominated strategy. So important I thought about it twice and highlighted the theory. Why play a dominated strategy at all. Play a dominate strategy not a dominated strategy. If you choose to, please do so sparingly, meaning not for long and only when you are in dire straits. Similar to when you play dead when a ferocious bear is coming to attack and eat you. I have never tried the bear theory yet it does offer a good example of a time when you are dominated.
Lesson 2: Rational choice can lead to bad outcomes (for you)
Prisoners Dilemma - The idea of two crooks caught for a crime and are being questioned by the "powers that be", the rational choice is if each crook would hold to the story and not rat the other out for a lesser sentence and time. Rat, rational choice would be a good choice if you could trust your partner, yet from lesson one you cannot be certain what others will do. Hence, better to play a dominate strategy and rat your partner out first.
If you hold to your guns and keep quiet, although I would love you to be my friend and partner, you will be dominated by your rational choice of being true as you cannot be certain what your partner will do. Don't play a strictly dominated strategy.
Lesson 3: You can't get what you want, until you know what you want (ie - payoff matters)
This is strictly a gaming idea. Your logic and asking yourself the right question will provide you everything you want, just need to focus on the question to ask yourself. For example, I want to know what I want and I want it to just come to me - reciting that statement over and over and over and over will provide you what you want so it would be advantageous if you had a payoff in mind or goal of your wanting.
You get what you want, all the time and every-time, whether you believe it or not. Being proactive in your wants allows a dominate strategy instead of being dominated if you don't know what you want because then you are just playing a pawn in someone's game other than your own.
Lesson 4:Put yourself in others shoes and try to figure out what they will do.
A figurative idea as you will never truly know what someone else will or is willing to do as you only truly know one position, yours. Understanding what someone will do, even yourself if placed a simulated situation proves to be a fruitful exercise for a dominant player as it allows you to consider another outcome.
Putting yourself in other shoes is a good logic idea yet also offers an opportunity to be dominated. One - you are considering another option, one based on your interpretation of what they will do instead of focusing on what you want and will do. Granted if other players are involved and on your team, this lesson is more forthcoming.
Lesson 5: Yale students are evil gits.
Yale students are all wanting the top grades and to be the best. Assume each student wants a great grade. By assuming that each Yale student wants the best for themselves, then you must assume that each student will always assume an Alpha decision for themselves.
Alpha dominates. Beta is dominated.
Watch it on Academic Earth
