Quote:
Originally Posted by mynameisjim
The Nash equilibrium has holes in it and recent work by game theorists are starting to prove that.
A simple game called the Travelers Dilema by Kaushik Basu shows that.
A Nash equilibrium is not gospel and it is way overused in systems where it really has no application.
|
i suggest you reread the travelers dilema
look carefully at Payoff matrix of the dilema when you do that you realize that travelers dilema is infact a non binomial varient of the nash equilibrium
(in the same way as the three gun man solution)
Quote:
|
iterative deletion of dominated strategies in order to demonstrate the Nash equilibrium
|
to many people confuse the simplist example (prisoners dilema) with everything nash came up with.
f(n) in a nash equibrium is not limited to f(2).
Hense multi-participant competitions like the 3 gun man solution.