Bill, it is completely correct and fits fine. Game theory covers every single decision we make in the sense that we weigh up consequences and decide if the reward is worth the risk. Do we cross the road? Well, we need to get to the other side but what if we get run over? Etc.
Strategies for dealing with situations break down into exploitable and unexploitable. In a polo player context:
When you play then you can adopt one of two approaches:
exploitable - never sticking a mallet under a wheel, trying not to play over aggressively, basically anyone that goes out of their way to not 'cheat'
unexploitable - cheat because you hardly ever get called up on it and if you do then all you have to do is tap out. Besides you broke up the attack already and the ball's on its way to you up the sideline.
Obviously people move in and out of these strategies midway through an evening or even a game. The way polo currently works though, if you never cheat then you are exploitable. Sad isn't it.
I love game theory.
Bill, it is completely correct and fits fine. Game theory covers every single decision we make in the sense that we weigh up consequences and decide if the reward is worth the risk. Do we cross the road? Well, we need to get to the other side but what if we get run over? Etc.
Strategies for dealing with situations break down into exploitable and unexploitable. In a polo player context:
When you play then you can adopt one of two approaches:
exploitable - never sticking a mallet under a wheel, trying not to play over aggressively, basically anyone that goes out of their way to not 'cheat'
unexploitable - cheat because you hardly ever get called up on it and if you do then all you have to do is tap out. Besides you broke up the attack already and the ball's on its way to you up the sideline.
Obviously people move in and out of these strategies midway through an evening or even a game. The way polo currently works though, if you never cheat then you are exploitable. Sad isn't it.