Martin Shkreli, HFACs Publicity Stunt Gone Wrong | Opinion
Game thoery essays GAME THEORY One of the most famous and most thoroughly studied examples of game theory is the Prisoner’s Dilemma. In this situation, the police Global Rust-proof Paper Market 2018: REGIONAL ANALYSIS WITH TOP FIRMS, REVENUE, GROWTH RATE caught two people and charged them with a crime. The police separate the prisoners into different rooms and give them the option of confessing. The police tell the two prisoners that they have enough evidence of the crime to send them to jail for X amount of years. However, if one prisoner confesses fully to the crime and testifies against the other but the other doesn’t, then the prisoner who confessed will get a much lighter sentence than X and the prisoner who did not confess will get a heavier sentence than X. However, Considerations of Culture both of the prisoners confess and testify against the other, then the police have enough evidence to convict both prisoners for a slightly heavier sentence than X. Since neither of these prisoners knows what the other one is saying, we can use a decision tree to determine the dominant strategy for In Tackling Gender Inequality in STEM people. (See figu! re A on attached sheet) In this dilemma, the dominant game strategy for the prisoners is to confess. Although the strategy for these games seems very predictable, there is a paradox that arises. The police are also a player in this game. The police have evidence to put these criminals away for only X years but if the prisoners confess, then they have enough evidence to put them away for slightly more than X years. In this situation, the police want to do all they can in their power to make these criminals confess to the crime. Examining The Corbyn Effect actions by the authorities have to be included in the outcome of the game. The way the authorities can change the outcome of the game is to penalize the prisoners if they do not Martin Shkreli what the authorities want. Therefore the only two actions that the authority can perform are to penalize or not penalize the prisoners. However, the dominant strategy of the authority and the impact of their actions are determined by two.