Understanding the Game of Coordination

The coordination game is perhaps the most popular application of Nash equilibrium. Many algorithms were created to perfect the application of determining which combination shows the highest payoff and which option will each player choose in the face of any given situation. It involves two players who are given the option to choose any of … More Understanding the Game of Coordination

Stochastic Iterated Prisoner’s Dilemma

Algorithms provide several solutions to gain more insight to the workings of Prisoner’s Dilemma and the most optimal strategy for the players involved. We’ve previously tackled the defection strategy and the deterministic strategy as two of the optimal solutions in looking at the iterated Prisoner’s Dilemma. This time around, let’s talk about the stochastic iterated … More Stochastic Iterated Prisoner’s Dilemma