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Six - Game Theory – When You’re Not the Only One Choosing

from Part I

Published online by Cambridge University Press:  18 February 2021

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Summary

The date was June 22, 2010. It was the final round in the British game show called Golden Balls. The two contestants, Stephen and Sarah, faced each other across a table, as anxious as cats on a hot tin roof. The people in the audience were collectively holding their breath.

At stake was £100,000 (about $150,000). The two contestants each had two golden balls in front of them. Inside one was the word Split. Inside the other was the word Steal. If both chose the Split ball, they each went home with £50,000. If one chose Split and the other chose Steal, the one who chose Steal got all of the money and the one who chose Split went home with nothing. If they both chose Steal, both of them went home with nothing.

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Chapter
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Good Thinking
Seven Powerful Ideas That Influence the Way We Think
, pp. 115 - 143
Publisher: Cambridge University Press
Print publication year: 2021

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