Skip to main content

The Emerging Revolution in Game Theory

Prison’s Dilemma has been around for quite some time. Everyone had thought that they had figured out the strategy.
The only problem is that it was not until recently that it was discovered that if you follow a specific strategy you could actually beat your partner.

The Game
The Emerging Revolution in Game Theory

The game is a rather basic concept. It is the idea that you and a friend are detained for a crime. You are given two options, you can either snitch and go free and allow your friend to spend the maximum amount of time in jail, or you can stay silent and hope that your friend does the same. Your friend may snitch and if they do and you do not you will serve the full amount of time for example 1 year. Your friend may snitch, and if you do as well then you will split the full amount of time and both serve 6 months each. You both may remain silent, and if this is the case then you both will go free.
prisoners dilemma

The theory behind the game was not to risk taking your chances and just simply confess, and that way you could guarantee that you would not end up serving the maximum jail sentence. You would only serve half the sentence at the most and nothing at the least.

The New Theory

The new theory only works if you play multiple rounds. A person that quits after the first round will not be affected by the new theory, so only read on if you are interested in finding a way to beat the system in multiple rounds.
Guilty or not guilty

Most people thought that the pattern was to follow a strategy where they would simply copy what the player did to them in the previous round in order to ensure that you would only serve the same amount of time that your opponent would. The only problem with this strategy would be that the game would basically end up being a wash which would tie both opponents and what is the fun in that?

A recent discovery or theory realized that there was a way in which you could beat your opponent as long as they were not implementing the same strategy. It is the theory that you do not base your decision on what your opponent previously did, but you weigh your decision based on the likelihood of what you opponent will do the current round. You wager a longer sentence based on this strategy which in turn will have your opponent end up with more jail time.


How Life Changes

Many true life strategies or theories have been based around this thought process. Therefore, the fact that there could be a change in the entire theory behind the reasoning could greatly change a lot of things such as economics, trade, and other types of business negotiations. The theory has created quite an upheaval in the world of the Prisoner’s Dilemma, and has left the creators scrambling for an explanation or a correct.

It is rather surprising that the theory would come after such a long period of time has passed, but it just goes to show that sometimes a fresh pair of eyes is all that is needed in order to spot an error or find a hole in a thought process. It will be interesting to see how things change once all the dust settles around the announcement of this theory and what the response will be to the announcement of the new theory. It has only been a couple of months since the announcement, but quite a lot of people are still stunned by the shock.

Author Bio: This post is written by Jason Phillips, a freelance blogger and writer. He mostly writes on the topics like gadgets, technology and video games. Click here to know more about his articles.

Comments

Popular posts from this blog

5 Blogging Mistakes That Can Be Fixed Easily

This is a guest post by Crystal J. Briscoe about five common Blogging Mistakes That Can Be Fixed Easily . One of the most annoying things about reading a really good blog content is the inability to navigate the blog or change the view with ease. While most bloggers usually make certain errors while building their blogs, the following are some of the mistakes that can make your blog useless and what you can do to fix them. 1) Using Mysterious Fonts For Your Blog Contents Whereas making use of distinct fonts to design your blog logo or to create titles for your sidebars can provide your site with a unique look, they should not be used for creating blog content. Fonts that every blogger should use when developing contents for their sites are Times New Roman, Georgia and Serif. This is because these fonts are easy to read by virtually anyone. 2) Building A Compacted Content Zone First-time web developers usually make the error of stuffing their content in a small region on their...

5 Benefits of Cloud Hosting

The popularity of cloud computing in recent years can be attributed to many things. The ability for many users to share resources is certainly one of them, by doing so a group of users can leverage the participation of multiple users into significant cost savings. One of the many aspects of cloud computing is that of cloud hosting. Cloud hosting is the use of multiple servers that are all connected together. These connected servers are cumulatively referred to as a cloud. Sites on the servers may use resources from any or even all of the servers in the cloud. The concept of cloud hosting has become very popular during the last few years because all of the hard drives, processing power and memory are shared by all of the sites in the cloud. Servers can be added to or removed from the cloud according to need. The benefits of cloud hosting are numerous but five of the more significant and apparent ones are listed below: 1. Scalability The concept of using numerous servers that a...

Technology through the years

"Technology" is a word which has come to mean a variety of different things to different people. Some may imagine space stations, while others

Preventing a Vulnerable Network with Good Patch Management

Every admin knows the importance of good patch management, but not every admin knows the tips and tricks that make for a great patch management strategy. There is so much more to patching than just running Windows Updates, and in this article we’ll share with you the nine tips for great patch management to prevent your network from having vulnerabilities. 1. Stay informed You can’t fix it if you don’t know it’s broken, so staying informed is the right place to start. Subscribe to the security and patch bulletins from your operating system vendors and your critical application vendors. You really want to consider subscribing to a third party alert like the ones offered by SANS, Bugtraq, or others so you are aware of vulnerabilities even when there aren’t patches yet, and also to cover the smaller but no less important applications that are on your network. 2. Test your patches I’d rather deploy an untested patch than not patch at all, but I’d really prefer to test all patches fi...

Asus Eee Pad Transformer Prime: World’s First Supercomputer Tablet

This is a guest post by Alia Haley . In this post, we will talk about Asus Eee Pad Transformer Prime, a tablet based on Android operating system. This is the successor of Eee Pad Transformer tablet PC and world’s first tablet with ARM Cortex A9 processor (Nvidia Tegra 3 Quad Core CPU). With use of this processor, this will be the most powerful consumer tablet and ultimate consumption device on the planet. Performance, gaming experience, graphics everything will be maximized still with a battery backup of 12 hours with a 22 WH battery. Are you excited? Read on to know more. Apart from a star processor, Asus is throwing many other extra goodies to make sure you buy the new Transformer Prime. Starting with the looks, the design is reworked with finish that is more metallic, thickness has gone down to 8.3 mm and the weight decreases to 586 grams. If we talk about the original Transformer, the thickness was 12.9 mm with a weight of 690 grams. The metallic finish makes the tablet more dur...

How To Maximize Real Time Communications

Voice over Internet Protocol (VoIP) and the primary rate interface (PRI) services that come with the infrastructure have given offices many different options when it comes to real time digital communications. Some of the features of these services can be integrated into an office so that problems are more quickly solved and communications become more efficient and cost-effective. These ways to maximize real time communications in the office can rely on intrinsic features of the technology or they can involve carefully chosen suites of applications that work together. Session initiation protocol (SIP) forking is a feature of many business VoIP services . SIP forking allows a single digital channel to be forwarded to multiple destinations. This can be used to send a call from a single phone to multiple other devices. If an employee is not at a particular station to answer a phone, then the signal can be forked to a cell phone or another location until the employee receives the call. Th...

How to Reduce Your Need for Home Computer Repairs

This is a guest post by Sachin about how to Reduce Your Need for Home Computer Repairs . Some of us are still afraid to use our computers for fear of calling for computer repairs. In most cases, we will not need pc repairs or laptop repairs if we follow some basic principles. Computers only have a limited lifetime. The fact is the world of technology is changing so fast, if we don’t spend the money to stay with that change, personal computers actually end up costing us a lot more. Here is how to reduce, if not completely avoid the need for repairs. New devices . If you are using a personal computer that is more than 2 years old, you can bet you will start to have problems. The problems are not related to the hardware. The only real place you have problems is with your hard drive. Replacing that will not cost much money. The problems relate to protocols of communication and the speed of your device. Older machines are slow, and cannot keep up-to-date software running. New device...

Pros & Cons of Shared Web Hosting

Shared web hosting is a source where multiple websites share the resources and space of a web hosting server, keeping website partitioned from each other while creating a secure environment for multiple sites. The Web hosting company charges variates in accordance with the space and bandwidth requirements of client, as each site operate on its own space and bandwidth. When one purchase/ hire a shared web hosting, domain name is included and added to server which enables to develop / upload website and allows getting it online. As a general rule, it is a good feasible idea, to go for shared web hosting specially when in small business scale with limited sources and budget. Before making any hosting decision, the concept of shared web hosting and it’s all pros and cones must be kept in mind. Pros of Shared Web Hosting The main advantage of shared web hosting is that you are free from worries, to up-keep of complicated server technology and proper technical maintenance. That’s the w...

Archive

Show more