http://mindyourdecisions.com/blog/2010/03/09/how-las-vegas-casinos-use-the-prisoners-dilemma-to-make-money/ Articles on game theory and personal finance Thu, 09 Feb 2012 18:20:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://mindyourdecisions.com/blog/2010/03/09/how-las-vegas-casinos-use-the-prisoners-dilemma-to-make-money/comment-page-1/#comment-9809 Motivating a gym class using game theory - Mind Your Decisions Tue, 23 Aug 2011 06:23:42 +0000 http://mindyourdecisions.com/blog/?p=2058#comment-9809 [...] Ultimately this means everyone will work extra hard during the session. The problem is like the prisoner’s dilemma: it is in the group’s best interest to go slowly and take up the whole 1.5 minutes. [...] [...] Ultimately this means everyone will work extra hard during the session. The problem is like the prisoner’s dilemma: it is in the group’s best interest to go slowly and take up the whole 1.5 minutes. [...]

]]> http://mindyourdecisions.com/blog/2010/03/09/how-las-vegas-casinos-use-the-prisoners-dilemma-to-make-money/comment-page-1/#comment-8267 Another way to explain the Prisoners’ Dilemma to high school students - Mind Your Decisions Thu, 31 Mar 2011 05:35:46 +0000 http://mindyourdecisions.com/blog/?p=2058#comment-8267 [...] The beauty of the Prisoner’s Dilemma is that it happens all the time. One example was highlighted in a previous article about how the Prisoner’s Dilemma comes up in poker tournaments in Las Vegas. [...] [...] The beauty of the Prisoner’s Dilemma is that it happens all the time. One example was highlighted in a previous article about how the Prisoner’s Dilemma comes up in poker tournaments in Las Vegas. [...]

]]> http://mindyourdecisions.com/blog/2010/03/09/how-las-vegas-casinos-use-the-prisoners-dilemma-to-make-money/comment-page-1/#comment-7226 Game theory in Jersey Shore product placement - Mind Your Decisions Mon, 23 Aug 2010 05:03:34 +0000 http://mindyourdecisions.com/blog/?p=2058#comment-7226 [...] On closer analysis, the game is not good for the companies. The brand war is a type of Prisoner’s dilemma. [...] [...] On closer analysis, the game is not good for the companies. The brand war is a type of Prisoner’s dilemma. [...]

]]> http://mindyourdecisions.com/blog/2010/03/09/how-las-vegas-casinos-use-the-prisoners-dilemma-to-make-money/comment-page-1/#comment-7065 Dilbert Prisoner’s Dilemma – Youtube video - Mind Your Decisions Tue, 20 Jul 2010 05:04:20 +0000 http://mindyourdecisions.com/blog/?p=2058#comment-7065 [...] and his friends find themselves in a three-way Prisoner’s Dilemma. See how it turns [...] [...] and his friends find themselves in a three-way Prisoner’s Dilemma. See how it turns [...]

]]> http://mindyourdecisions.com/blog/2010/03/09/how-las-vegas-casinos-use-the-prisoners-dilemma-to-make-money/comment-page-1/#comment-6563 Bill Clinton talks game theory - Mind Your Decisions Tue, 11 May 2010 05:03:04 +0000 http://mindyourdecisions.com/blog/?p=2058#comment-6563 [...] one side can win and other other can lose, the classic example being the dominant strategy of the Prisoner’s dilemma. A non-zero sum game is one where the total payoffs are either positive or negative–there is [...] [...] one side can win and other other can lose, the classic example being the dominant strategy of the Prisoner’s dilemma. A non-zero sum game is one where the total payoffs are either positive or negative–there is [...]

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