Imagine the disappointment of a young Anarchist after joining a Chaos Theory class.
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Game theory final exam:
Full Marks (100%):
You will receive full marks if you answer all questions correctly and at least 70% of the class chooses the "Full Marks" strategy.
If you answer all questions correctly but fewer than 70% of the class chooses the "Full Marks" strategy, your grade will be 90%
Half Marks (50%):
You will receive half marks if you answer all questions correctly but at least 30% of the class chooses the "Half Marks" strategy.
If you choose this strategy and the class distribution aligns as specified, your grade will be 50% irrespective of the correctness of your answers.
Fail (0%) with Incentive:
You will receive a failing grade if you choose the "Fail" strategy or if your answers are incorrect and less than 30% of the class chooses the "Fail" strategy.
If you choose the "Fail" strategy and at least 30% of the class also chooses the "Fail" strategy, you will receive a special incentive: Automatic 'A' grade in the next course module, regardless of your performance in this exam.
Additionally, if more than 70% of the class chooses "Fail" or "Half Marks" strategies combined, everyone will fail regardless of individual choices.
I think you need an inverse incentive:
If you are the only one to use "Fail" strategy, you finish with 100% and everybody's result will be mutliplied by 0.8
for the longest time, i did know that game theory did not have anything to do with "games" and that it is somehow connected to the prisoners dilemma, but the concept as such wasn't very clear to me. If you are like my former me, take 30 minutes out of your day and visit https://ncase.me/trust/ to learn and play around with game theory; it's a great webpage and it's pretty good fun all around.
If you want to learn about games you want combinatorial game theory. Traditional game theory isn't completely divorced from real games either, but comes up more often in economics.
We have game theory as an a elective at my uni, the amount of people who signed up for game theory instead of game design is staggering
Those people would benefit from game theory then. Game theory is all about using the information available to make the best possible choice.
Why would I play game theory when I can play actual games?? It’s like reading about sex positions when your horny naked fwb is right next to you, I tells ya!
Some people definitely need to read more fucktheory.