What Works as a Waffle?

“This scenario isn’t the Prisoner’s Dilemma, but it’s similar.”

Why not just call it what it is? The chicken game (or hawk-dove game)?

That would require extra research -- and more than I have time for.

"This scenario isn’t the Prisoner’s Dilemma, but it’s similar."

Why not just call it what it is? The chicken game (or hawk-dove game)?

http://en.wikipedia.org/wiki/Chicken_(game)

http://www.youtube.com/watch?v=p3Uos2fzIJ0

And then sometimes people don't share. Can you guess which one is going to steal $160,000?

Wow. Nick directly got to the core of the matter, namely that it's a thing of trust, and he encoded it accordingly for his opponent by instantly picking (well, announcing to pick) the worst outcome and just directly asking Ibrahim to trust him. What a brilliant solution to the dilemma! Well, not a solution, but rather a nifty little "deciding aid" for his opponent. Nice to see a con turn out in a way that benefits both the conman and his "victim".

I wonder if Nick was familiar with game theory or if it just was the first solution that intuitively occurred to him. If it's the latter, that would really be remarkable, wouldn't it?

the only real solution!

Very clever!

Ah, takes me back to my Game Theory class at Ohio Wesleyan. Thanks for sharing - what a fascinating show!

That cheeky bastard!