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Although the Prisoner's Dilemma has received substantial attention for this fact, the Centipede Game has received relatively less. Additionally, Binmore (2005) has argued that some real-world situations can be described by the Centipede game. One example he presents is the exchange of goods between parties that distrust each other.
"The Centipede's Dilemma" is a short poem that has lent its name to a psychological effect called the centipede effect or centipede syndrome.The centipede effect occurs when a normally automatic or unconscious activity is disrupted by consciousness of it or reflection on it.
Perfect information: A game has perfect information if it is a sequential game and every player knows the strategies chosen by the players who preceded them. Constant sum: A game is a constant sum game if the sum of the payoffs to every player are the same for every single set of strategies. In these games, one player gains if and only if ...
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The Centipede's Dilemma; Collective action problem; Constructive dilemma; Cornelian dilemma; ... Peace war game; Platonia dilemma; Prisoner's dilemma; R. Red pill and ...
The traveler's dilemma can be framed as a finitely repeated prisoner's dilemma. [8] [9] Similar paradoxes are attributed to the centipede game and to the p-beauty contest game [7] (or more specifically, "Guess 2/3 of the average"). One variation of the original traveler's dilemma in which both travelers are offered only two integer choices, $2 ...
However, empirical work has shown that in some classic games, such as the centipede game, guess 2/3 of the average game, and the dictator game, people regularly do not play Nash equilibria. There is an ongoing debate regarding the importance of these experiments and whether the analysis of the experiments fully captures all aspects of the ...
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