Stag Hunt Game Models Coursework Example | Topics and Well Written Essays - 1250 words - 1

grass Hunt Game Models - Coursework ExampleThe coursework Stag Hunt Game Models presents the comparison of the evolutionary game theory and the standard game theory and how they lowlife be applied to a give away unravel game.In this kind of game, twain players may rent to hunt a hare and a stag individually. Each player is however usually require to make their choices without letting it known to the other party. The two individuals must, however, seek the cooperation of each other in ready to succeed in their game. For example, an individual can successfully hunt down and get a hare by hunting alone but a hare is con expressionred to be worth significantly little than a stag. Consequently derived from stag hunt game is often used as one of the main(prenominal) analogies for social cooperation. There are also a number of other games that can also be effectively used to depict social cooperation. Some of these games include the prisoners dilemma and analysts deal it better than stage hunt with regard to its explanation of Social Corporation. The primary difference between stag hunt game and the Prisoners dilemma is that the game usually involves two Nash equilibria in the event that both the two players cooperate or defect at the same time. Prisoners dilemma as a game in the main involves a Pareto efficient cooperation between two players but as opposed to stag hunt, Nash equilibrium is totally present in the event that both the two players decide to defect. In a stag hunt game, there is usually one side considered to be risk dominant while the other side is regarded as payoff dominant.