19-20 - Game Theory Strategic Reactions in Sports Flashcards

1
Q

What does game theory study?

A

The mathematical study of strategic behavior—where an individual’s outcome depends not just on their choices, but also on the choices of others.

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2
Q

What is meant by ‘strategic behavior’?

A

Decision-making that accounts for the likely actions of others, rather than assuming the world responds passively.

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3
Q

What’s the difference between game theory and standard decision theory?

A

Decision theory involves solo optimization, while game theory requires strategic interaction between multiple decision-makers.

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4
Q

Give an example of a simultaneous vs. sequential sport in terms of strategy.

A

Simultaneous: 100m sprint
Sequential: Track cycling sprint or curling.

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5
Q

What are the three core elements of a strategic game?

A

Players, Strategies/actions for each player, Payoffs for each strategy profile.

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6
Q

What extra features are needed in dynamic or imperfect information games?

A

The timing of moves, What each player knows at different decision points.

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7
Q

How does game theory apply to sports?

A

It helps model strategic interactions like deception, timing, and counter-strategy between opponents (e.g., pitcher vs. batter, kicker vs. goalie).

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8
Q

What are the strategies and players in the doping game?

A

Players: Two athletes
Strategies: Honest or Dope.

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9
Q

What’s the outcome if both athletes are honest?

A

Each gets a payoff of 2.

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10
Q

What’s the dominant strategy for both players?

A

Dope — because it yields a higher payoff regardless of the opponent’s choice.

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11
Q

What is the Nash equilibrium in this game?

A

(Dope, Dope) — even though both would prefer (Honest, Honest), they each have incentive to deviate.

For each athlete, for any given action of the other athlete, it is always preferrable to Dope.

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12
Q

What kind of game is the ‘two friends choosing sports’ scenario?

A

A coordination game, where mutual choice matters more than individual preference.

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13
Q

What are the two pure-strategy Nash equilibria?

A

(Baseball, Baseball) and (Soccer, Soccer).

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14
Q

What does this game demonstrate about equilibrium selection?

A

That multiple equilibria can exist, and communication or expectations may determine which is chosen.

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15
Q

What does it mean for a choice to be a ‘best response’?

A

It’s the strategy that maximizes a player’s payoff, given the opponent’s choice.

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16
Q

How do you find a Nash equilibrium using best responses?

A

Identify each player’s best response to every possible action of the other player. The intersection of best responses is the equilibrium.

17
Q

Why is (Dope, Dope) a Nash equilibrium in the doping game?

A

Because each player is doing the best they can given the other is doping — neither has incentive to deviate.

18
Q

What is a dominant strategy?

A

A strategy that yields a better payoff than all others, no matter what the opponent does.

19
Q

Why are dominant strategies rare in sports?

A

Because they make games predictable and eliminate the need for strategic interaction — reducing competitiveness.

20
Q

Why are games more interesting when there’s no dominant strategy?

A

Because players must adapt, predict, and respond to others — increasing depth and balance.

21
Q

Why is rock-paper-scissors a balanced game?

A

Because no strategy dominates — each can be beaten by one and beats another, forcing randomization.

22
Q

What is the Nash equilibrium in rock-paper-scissors?

A

A mixed strategy equilibrium where each player plays each move 1/3 of the time.

23
Q

What happens when games lack a pure strategy equilibrium?

A

Players may resort to mixed strategies, randomizing across options.

24
Q

What is a mixed strategy?

A

A strategy where a player randomizes across two or more pure strategies with specific probabilities.

25
What must be true for a player to mix between strategies?
They must be indifferent between the expected payoffs of the strategies they mix over.
26
What key theorem supports mixed strategy equilibria?
Nash’s Existence Theorem — all finite games have at least one mixed strategy equilibrium.
27
Who are the players and strategies in the penalty kick game?
Players: Kicker and Goalie Strategies: Left or Right.
28
Why is there no pure strategy Nash equilibrium in this game?
Because each player can always improve by changing their strategy given the other’s choice — it’s a zero-sum game.
29
How do we solve for the mixed strategy equilibrium?
Assign probabilities: pp for Kicker choosing Left, qq for Goalie choosing Left. Set expected payoffs equal to find where both are indifferent. Solve the system: Result is p=q=0.5.
30
What is the equilibrium strategy for both players?
Each player should randomize 50/50 between Left and Right — ensuring unpredictability.