Game Theory 101 Quotes

“The Public Health Cigarette Smoking Act is a noteworthy application of the advertising game. In 1970, Richard Nixon signed the law, which removed cigarette ads from television. Tobacco companies actually benefited from this law in a perverse way—the law forced them to cooperating with each other. In terms of the game matrix, the law pushed them from the <2, 2> payoff to the mutually preferable <3, 3> payoff. The law simultaneously satisfied politicians, as it made targeting children more difficult for all tobacco companies.”
― William Spaniel, Game Theory 101: The Complete Textbook

“salsa strictly dominates disco for ONE—regardless of TWO’s selection, ONE is always better off choosing salsa. Therefore, ONE must optimally have a salsa night. With that in mind, consider how TWO should reason. Putting itself into ONE’s shoes, TWO realizes that ONE will have a salsa night. Thus, TWO’s strategic dilemma boils down to the following choice: If”
― William Spaniel, Game Theory 101: The Complete Textbook

“Friday. Club ONE has a strategic advantage over club TWO: ONE is located at the center of the town, while TWO is a few miles away. Thus, if TWO runs the same theme as ONE, nobody will show up to TWO. There are three types of customers. 60 hardcore salsa fans will only go to a club if salsa is being offered. 20 people are hardcore disco fans and will only go to a club if disco is being offered. A final 20 people prefer going”
― William Spaniel, Game Theory 101: The Complete Textbook

“The Public Health Cigarette Smoking Act is a noteworthy application of the advertising game. In 1970, Richard Nixon signed the law, which removed cigarette ads from television. Tobacco companies actually benefited from this law in a perverse way—the law forced them to cooperating with each other.”
― William Spaniel, Game Theory 101: The Complete Textbook

“Although a large branch of game theory is devoted to the study of expected utility, we generally consider each player’s payoffs as a ranking of his most preferred outcome to his least preferred outcome.”
― William Spaniel, Game Theory 101: The Complete Textbook