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---
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title: Game Theory
---
# Game Theory
## Domains
### Auction Theory
[[auction-theory|Auction theory]] is a subset of game theory
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#### Reverse Auction
In a reverse auction,
bidders compete for the right to _sell_ a product or service.
#### Sealed-Bid Auction
Opposite of a conventional "open" auction,
in a sealed-bid auction,
bid prices are hidden from the bidders.
[[uncertainty#Information]]
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## Terminology
### "Solved" Games
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### Symmetry
## Typical Games
### Chicken
| Player A \ Player B | Player B: Back Down | Player B: Hold Firm |
|:------------------- |:-----------------------:|:-----------------------:|
| Player A: Back Down | Tie \ Tie | Lose face \ Gain status |
| Player A: Hold Firm | Gain status \ Lose face | Die \ Die |
### Prisoner's Dilemma
| Prisoner A \ Prisoner B | Prisoner B: Cooperate | Prisoner B: Defect |
|:----------------------- |:---------------------------:|:-----------------------------:|
| Prisoner A: Cooperate | Serve 1 year \ Serve 1 year | Serve 3 years \ Go free |
| Prisoner A: Defect | Go free \ Serve 3 years | Serve 2 years \ Serve 2 years |
### Stag Hunt
| Hunter A \ Hunter B | Hunter B: Hunt Stag | Hunter B: Hunt Hare |
|:------------------- |:--------------------:|:--------------------:|
| Hunter A: Hunt Stag | Eat stag \ Eat stag | Go hungry \ Eat hare |
| Hunter A: Hunt Hare | Eat hare \ Go hungry | Eat hare \ Eat hare |
### Ultimatum Game
### Dictator Game