I have a utility function describing the desirability of an outcome state. I weigh the expected utility with the probability of the outcome state occuring. I find the expected utility of an action, a, ...
Here e is the expected value of the game for the row player, P is the payoff matrix from the perspective of the row player, R is the row matrix containing the probabilities for each of the row ...
Question regarding technicalities in the paper Iterated Prisoner’s Dilemma contains strategies that dominate any evolutionary opponent
For people on this board I have a probably pretty modest question, but since I'm not a mathematician (just an economist), I'm having trouble. The full pdf can be found here: ...
I'd very much appreciate it if anyone with any familiarity of game theory could help out a newbie. I came across the following problem doing homework in an introductory game theory course: ...