These are chat archives for drvinceknight/Year_3_game_theory_course

7th
May 2016
@Huaraz2
May 07 2016 20:48
@drvinceknight we have to do stuff wrt infinitely repeated games, will the normal form game be similar to the prisoner's dilemma?
Vince Knight
@drvinceknight
May 07 2016 20:49
I can't say. Potentially.
@Huaraz2
May 07 2016 20:52
So can any normal form game be set as an infinitely repeated game then but the principles of how to deal with IFGs that we learnt wrt the prisoner's' dilemma are the same?
Vince Knight
@drvinceknight
May 07 2016 20:52
Yup.
@Huaraz2
May 07 2016 20:52
I know this is probably a really dull question
thanks Vince
Vince Knight
@drvinceknight
May 07 2016 20:53
Don't worry about whether or not the question is dull.
I'm happy to help.
:)
@Huaraz2
May 07 2016 20:53
YAY :smiling_imp:
Vince Knight
@drvinceknight
May 07 2016 20:53
:+1:
@Huaraz2
May 07 2016 20:53
:shipit:
@Huaraz2
May 07 2016 21:01
@drvinceknight in the above pic you have the utility of both players players playing the strategy $S_c$ is $\frac{2}{1 - \delta}$. Is the 2 there because of the fact that the payoff for each player is 2?
Vince Knight
@drvinceknight
May 07 2016 21:02
So that question is EXACTLY the same as in the notes.
@Huaraz2
May 07 2016 21:03
I thought it was I was just checking
Vince Knight
@drvinceknight
May 07 2016 21:03
Only difference is that players minimize as opposed to optimise.
So yeah they get 2 at each repetitions. When you apply discounting and use the formula for a geometric series you get that.
Heading off now but will be around tomorrow if there's anything else I can help with.
😴