Game Theory - Battle of the Sexes Flashcards
What is the Battle of the Sexes in game theory?
A game theory scenario where two players want to coordinate but have different preferences over outcomes.
In the Battle of the Sexes, what are the two main preferences of the players?
Each player prefers a different outcome but values being together more than being apart.
What are the two Nash equilibria in the Battle of the Sexes?
Both going to the concert or both going to the sports game.
Why does the Battle of the Sexes have multiple Nash equilibria?
Because there are two stable outcomes where neither player would unilaterally want to change their choice.
What is the main challenge in the Battle of the Sexes game?
Coordinating to be together despite conflicting individual preferences.
Explain why there is no dominant strategy in the Battle of the Sexes.
Each player’s best choice depends on the other player’s choice, so there’s no single best strategy.
What is the Mixed Strategy Equilibrium in the Battle of the Sexes?
A strategy where each player randomly chooses between options to balance preferences if coordination fails.
Fill in the blank: The Battle of the Sexes illustrates a _______ problem with conflicting preferences.
coordination
What happens if Alice and Bob choose different events in the Battle of the Sexes?
They receive a payoff of 0 as they are not together.
Fill in the blank: In the Battle of the Sexes, one solution is to ______ between preferences over time.
alternate
How can communication affect the outcome in the Battle of the Sexes?
Communication can help Alice and Bob coordinate on one option, improving the likelihood of being together.
What is an example of the Battle of the Sexes in international relations?
Countries coordinating on climate action or trade agreements despite differing preferred approaches.
Explain the ‘alternating choices’ strategy in repeated Battle of the Sexes games.
Players agree to alternate between preferences to ensure fairness over time.
Why might businesses face a Battle of the Sexes situation in partnerships?
They need to coordinate on projects but may have different preferences about which to prioritize.
Fill in the blank: The Battle of the Sexes highlights the balance between individual ______ and collective benefit.
preferences