Game Theory Solves The Date-Night Dilemma: Battle Of The Sexes Puzzle (Solution)
Sunday, October 17, 2010 - 06:20
in Mathematics & Economics
Yesterday I posted how Game Theory solves the date-night dilemma: opera or the football game. Actually, I posted the problem but not the solution. For all of you who scratched your heads on Saturday night, here's the answer: Mathematically, the cleanest solution is for them to use a commonly observed randomizing device: they flip a coin. Heads it's football and tails it's opera. And once the coin lands, there's no incentive for one player to switch, as it would only result in the loving husband and wife going separate ways for the evening and the loss of all preference points. read more