spinout3
5 HN recommenders · recommended in 14 months, 2012–2025
6:25 · 15M views · Feb 3, 2012
A Golden Balls episode in which one contestant announces he will steal, leading to an unexpected outcome in the split-or-steal prisoner's dilemma.
The canonical real-world example in game theory discussions of manipulating a prisoner's dilemma.
14 comments from Hacker News
If you find this article interesting, Coursera's "Competitive Strategy" [1] is a pretty good introduction on the topic of game theory and how it can be used as a decision-making framework for business, I've found. As a case study, I recommend watching this episode of "Golden Balls" [2], which shows how a player can manipulate a game outcome and defeat the natural Nash equilibria. This is a classic IMO. [1] [LINK] [2] this video
No conversation on game theory is complete until someone brings up Golden Balls, and in particular this amazing moment (warning: terrible audio quality). this video
This is the most clever I've seen: this video He ensures his opponent has nothing to gain from defecting... (Rules etc until 2m 30s, then the game)
This clip [1], from the UK game show "Golden Balls", is a very entertaining example of a two-player zero-sum game EDIT: As explained in the replies, this is not actually a zero-sum game. [1] this video
There is great demonstration of this in action on a British game show with the players being in a prisoners dilemma situation; this video