Solution Analysis of Prisoner's Dilemma Based on Referee Game Theory

Authors

  • Wang Yu Linton University, Bandar Universiti Teknologi Legenda (BUTL), Batu 12, 71700 Mantin, Negeri Sembilan, MALAYSIA

DOI:

https://doi.org/10.53797/cjmbe.v1i1.3.2022

Keywords:

Referee game, game theory, nash equilibrium

Abstract

In traditional game, all participants will take action, however, the article is discussing a new kind of game model: a brand-new “judge”, he will not participate the game, nor set up game rules. At the end of game, the judge will praise the winner. This kind of game is referee game. The article discusses the prisoner's dilemma based on judgement game and describes the general solution of prisoner’s dilemma under judgement game. The article thinks the prisoner’s dilemma is not a two-participant game, but a three-participant game, including the police, and is a type of judgement game. Meanwhile, prisoner’s dilemma is not a Nash Equilibrium of two participants, it is a brand-new type of equilibrium. The article analyzes the prisoner’s dilemma based on judgement game, and also discusses its application in management.

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Published

2022-02-19

How to Cite

Wang Yu. (2022). Solution Analysis of Prisoner’s Dilemma Based on Referee Game Theory. CMU Academy Journal of Management and Business Education, 1(1), 10–15. https://doi.org/10.53797/cjmbe.v1i1.3.2022