Describe briefly a situation, either from your daily life or from a book or movie, which...

 

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Describe briefly a situation, either from your daily life or from a book or movie, which can be modelled as a game, but you think that the actual players' behaviour in this situation differed from what game theory predicts. a) Model this situation as a simple game, indicate clearly who the players are, what strategies the players have and the associated payoffs. Here, assume that all players are selfish and rational (in the game-theoretic sense). Make sure to give enough details within the word limit on key features of the situation and how you modelled it as a game. Analyse this game formally and find its Nash Equilibrium/Equilibria, and all Evolutionarily Stable Strategies (if ESS makes sense in the game you describe). Discuss how the actual players' behaviour was different from what game theory predicts. Describe briefly a situation, either from your daily life or from a book or movie, which can be modelled as a game, but you think that the actual players' behaviour in this situation differed from what game theory predicts. a) Model this situation as a simple game, indicate clearly who the players are, what strategies the players have and the associated payoffs. Here, assume that all players are selfish and rational (in the game-theoretic sense). Make sure to give enough details within the word limit on key features of the situation and how you modelled it as a game. Analyse this game formally and find its Nash Equilibrium/Equilibria, and all Evolutionarily Stable Strategies (if ESS makes sense in the game you describe). Discuss how the actual players' behaviour was different from what game theory predicts.