Game Theory - Battle of the Sexes Flashcards

1
Q

What is the Battle of the Sexes in game theory?

A

A game theory scenario where two players want to coordinate but have different preferences over outcomes.

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2
Q

In the Battle of the Sexes, what are the two main preferences of the players?

A

Each player prefers a different outcome but values being together more than being apart.

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3
Q

What are the two Nash equilibria in the Battle of the Sexes?

A

Both going to the concert or both going to the sports game.

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4
Q

Why does the Battle of the Sexes have multiple Nash equilibria?

A

Because there are two stable outcomes where neither player would unilaterally want to change their choice.

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5
Q

What is the main challenge in the Battle of the Sexes game?

A

Coordinating to be together despite conflicting individual preferences.

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6
Q

Explain why there is no dominant strategy in the Battle of the Sexes.

A

Each player’s best choice depends on the other player’s choice, so there’s no single best strategy.

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7
Q

What is the Mixed Strategy Equilibrium in the Battle of the Sexes?

A

A strategy where each player randomly chooses between options to balance preferences if coordination fails.

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8
Q

Fill in the blank: The Battle of the Sexes illustrates a _______ problem with conflicting preferences.

A

coordination

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9
Q

What happens if Alice and Bob choose different events in the Battle of the Sexes?

A

They receive a payoff of 0 as they are not together.

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10
Q

Fill in the blank: In the Battle of the Sexes, one solution is to ______ between preferences over time.

A

alternate

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11
Q

How can communication affect the outcome in the Battle of the Sexes?

A

Communication can help Alice and Bob coordinate on one option, improving the likelihood of being together.

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12
Q

What is an example of the Battle of the Sexes in international relations?

A

Countries coordinating on climate action or trade agreements despite differing preferred approaches.

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13
Q

Explain the ‘alternating choices’ strategy in repeated Battle of the Sexes games.

A

Players agree to alternate between preferences to ensure fairness over time.

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14
Q

Why might businesses face a Battle of the Sexes situation in partnerships?

A

They need to coordinate on projects but may have different preferences about which to prioritize.

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15
Q

Fill in the blank: The Battle of the Sexes highlights the balance between individual ______ and collective benefit.

A

preferences

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16
Q

What can lead to fairness in repeated Battle of the Sexes games?

A

Alternating or compromising between preferences over multiple rounds.

17
Q

Explain the concept of ‘inequality in payoffs’ in the Battle of the Sexes.

A

Each Nash equilibrium benefits one player more, reflecting a trade-off in mutual satisfaction.

18
Q

What role does compromise play in the Battle of the Sexes?

A

Compromise allows both players to coordinate despite differing preferences, often through alternating choices.

19
Q

Why is the Battle of the Sexes considered a non-cooperative game?

A

Because players make independent choices without binding agreements, though they prefer coordination.

20
Q

How does the Battle of the Sexes compare to the Stag Hunt?

A

Both are coordination games, but in the Battle of the Sexes, players have different preferences, while the Stag Hunt focuses on trust in cooperation.

21
Q

What is the ‘pre-commitment’ strategy in the Battle of the Sexes?

A

One player commits to a strategy, influencing the other to follow for mutual benefit.

22
Q

How can social norms influence the outcome in the Battle of the Sexes?

A

Social norms encourage compromise and alternating, helping players to balance conflicting preferences.

23
Q

Fill in the blank: The Battle of the Sexes shows the importance of ______ in coordination problems.

A

communication

24
Q

What is a practical application of the Battle of the Sexes in technology?

A

Companies deciding on a single technology standard to avoid compatibility issues.

25
Q

Why might a randomization (mixed strategy) approach be used in the Battle of the Sexes?

A

To balance preferences when coordination is difficult, leading to a fair distribution over time.

26
Q

What does the Battle of the Sexes teach about relationship dynamics?

A

It highlights the importance of balancing individual preferences and mutual satisfaction.

27
Q

In which situations is the ‘Battle of the Sexes’ game useful for modeling?

A

Coordination problems where participants have a shared goal but differing preferences, such as event planning or business decisions.

28
Q

Why is fairness important in repeated Battle of the Sexes games?

A

It ensures both players feel satisfied over time by having their preferences met alternately.

29
Q

Explain the significance of ‘payoff inequality’ in the Battle of the Sexes.

A

It shows that one player benefits more at each equilibrium, creating a need for fairness over repeated plays.

30
Q

Fill in the blank: In the Battle of the Sexes, repeated interactions can encourage ______ between players.

A

compromise