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In the coordination game, where the idea is to try and get people to coordinate on a particular equilibria rather than on another equilibria, or worse still, to be uncoordinated entirely.
My wife chose both so maybe I need to work out some more. So she--her best thing now is to successfully meet David at The Bourne Ultimatum and David's preferences are Player 2's preferences, so his favorite thing is to successfully mette at The Good Shepherd. You are about to go off on Friday night to see these movies and let's allow some communication ahead of time. Professor Ben Polak: All right, so write down what you're going to do this time. This game's a little bit harder to get communication to work. You could think of these as two companies producing bottled water--and now we're going to get hundreds of letters saying not all bottled waters are the same, especially from Italians and the French, but never mind. So just to emphasize that the strategies are quantities, rather than using S let me use q today to be the strategies. We need to give a little bit more structure on the payoff before I get to the payoffs.
So just to give you some idea about these movies, how many of you saw Bourne Ultimatum? It has a lot of plot and no action, so it's the other way around. Why don't you write down a second on the corner of your notepad what it is you're going to choose to do with my T. So David, you're about to go, you realize you've got this coordination problem, so you phone Nina up and you can say whatever you like, so what would you say to Nina? So in particular, I need to tell you what is the cost of production.
Quite a lot of you; this is a movie, it has pretty good action, virtually no plot. The basic lesson of this movie is--and you probably knew this already--everyone at Yale is a spy … The third movie is Snow White, which I haven't gone out to see but my four-year old daughter has seen on 24 of the last 27 nights on video. Student: Looks like you want to go to Bourne Ultimatum. And the cost of production in this game is simply going to be cq.
Basic lesson of this movie is--if you take home a lesson--it's that all spies are psychos or something like that. And this movie, I don't know if I would recommend it that much, it's--perhaps I'm being too PC--but I'm not convinced that for the modern woman, hanging around waiting for your prince to come is really a good strategy. I'd rather go and--if you're going to be stubborn I'd rather go see Bourne Ultimatum with you than not go on a date at all. So if I produce one unit it costs me c; if I produce two units it costs me 2c; if I produce 100 units, it'll cost me 100c and if I produce .735 units that costs me .735c.
One thing we learned was that communication can help in a coordination game.
So I forget who it was, but someone down here who has disappeared, was our Jimmy Stewart character and helped coordinate you on a better equilibrium simply by suggesting what you should do. One is this is very different from the Prisoner's Dilemma.
And let's have a look at the movies concerned here and we'll draw--there's three possible movies. Why is this a more difficult game to attain coordination in? One extreme case is perfect competition and the other extreme case is monopoly.
The movies we're going to look at are The Bourne Ultimatum, and the movie called Good Shepherd, and a movie called Snow White and I'll explain the game in more detail in a second. So Nina, shout out to the crowd what it is you've--where it is you've chosen to go. Professor Ben Polak: Bourne Ultimatum; and David where do you choose to go? Professor Ben Polak: They're going to coordinate; that's very good. Professor Ben Polak: So they're still managing to coordinate but you--okay, so thank you for this couple, let's give them a round of applause. Student: Can I say the best response is the Nash Equilibrium? So this is really the first attempt, way back in the nineteenth century to study a market that's somewhere in the middle, where it happens most markets are--there are two firms. We're interested in what's going to happen in these markets. So the players in this game are two firms and the strategies in this game for the firms--and this is going to turn out to be important--the strategies are the quantities that they produce of an identical product.
So we learned the very first time that in the Prisoner's Dilemma communication per se won't help, but in the coordination problem, which could be just as serious socially as a Prisoner's Dilemma, in a coordination problem it may well help.Tags: Adult Dating, affair dating, sex dating