Golden Balls: Taking Advantage of Tit-for-Tat

A few years back I shared a clip from a popular British game show, Golden Balls, which illustrates in an entertaining way game theory and the prisoner’s dilemma. Today I want to share another clip from the same show to explore another aspect of game theory: tit-for-tat. Tit-for-tat is a common term used in game theory. The concept […]

A Game Theory Power Play — UK Style!

I often use game theory and the prisoner’s dilemma in my talks to share the advantages and disadvantages of cooperation. In the prisoner’s dilemma  “players” are not in the same room and are unable to negotiate and have to make choices on whether to cooperate or not based on rewards. There are three simple outcomes. […]