Quizzes for review
In the centipede game, rational players paradoxically choose to take the pot immediately despite the possibility of higher mutual gains from waiting.
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In the centipede game, rational players paradoxically choose to take the pot immediately despite the possibility of higher mutual gains from waiting.
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Related words
centipede game
Noun
(game
theory)
An
extensive
form
game
in
which
two
players
take
turns
choosing
either
to
take
a
slightly
larger
share
of
an
increasing
pot,
or
to
pass
the
pot
to
the
other
player.
The
payoffs
are
arranged
so
that
if
one
passes
the
pot
to
one's
opponent
and
the
opponent
takes
the
pot
on
the
next
round,
one
receives
slightly
less
than
if
one
had
taken
the
pot
on
this
round,
but
after
an
additional
switch
the
potential
payoff
will
be
higher.
Therefore,
although
at
each
round
a
player
has
an
incentive
to
take
the
pot,
it
would
be
better
for
them
to
wait.
Japanese Meaning
ゲーム理論における一種の拡張形ゲームで、２人のプレイヤーが交互に、少しずつ大きい分配金を獲得するか、賞金を相手に譲るかの選択を行う。各ラウンドで賞金を先取りする方が即時の利得は高くなるが、相手に賞金を渡し、さらに続けることで将来的により大きな利益を期待できるという戦略的ジレンマが存在する。
Related Words
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