Chiken Game...
Here is how the online incyclopaedia WIKIPEDIA describes the Howks vs. Doves game. By the way, it is also known as the chicken game and involves other new Political science theories that I mention below. Follow this link:
Chicken (game)
From Wikipedia, the free encyclopedia
Jump to: navigation, search For other uses, see Chicken (disambiguation).
Chicken and the Hawk-dove game are two influential game theory models of escalation. The principle of these games are that while it is preferable not to yield to the opponent, if neither player yields, then outcome is the worst possible one for both players. Mathematically, the two games are identical,[1] "Chicken", is most prevalent in the political science and economics literatures, while the "Hawk-Dove game" is most commonly used in the biological literature.
Both Chicken and Hawk-Dove are anti-coordination games, games in which it is mutually beneficial for the players to play different strategies. It is the opposite of a coordination game, where playing the same strategy Pareto dominates playing different strategies. The underlying concept is that players use a shared resource. In coordination games, sharing the resource creates a benefit for all: the resource is non-rivalrous, and the shared usage creates positive externalities. In anti-coordination games the resource is rivalrous but non-excludable and sharing comes at a cost (or negative externality).
Contents [hide] |