The "Win as much as you can" Game
This game was played during my HR2002 Lecture.
Below is the payoff matrix and it's played with 4 groups, each choosing either X or Y for 5 rounds. It's a game about trust. How much u trust the other groups.
4 X's Lose $1.00 each
----------------------------
3 X's Win $1.00 each
1 Y Lose $3.00
----------------------------
2 X's Win $2.00 each
2 Y's Lose $2.00 each
----------------------------
1 X Win $3.00
3 Y's Lose $1.00 each
----------------------------
4 Y's Win $1.00 each
E.g. If 1 group choose X and the rest chose Y, the group choosing X will win $3.00, whereas the other group loses $1.00 each.
Ultimately, the group with the most money at the end of 5 round wins, and competing with banker also... if ulimately more ppl lose than win, banker wins.
that's the question!
Below is the payoff matrix and it's played with 4 groups, each choosing either X or Y for 5 rounds. It's a game about trust. How much u trust the other groups.
4 X's Lose $1.00 each
----------------------------
3 X's Win $1.00 each
1 Y Lose $3.00
----------------------------
2 X's Win $2.00 each
2 Y's Lose $2.00 each
----------------------------
1 X Win $3.00
3 Y's Lose $1.00 each
----------------------------
4 Y's Win $1.00 each
E.g. If 1 group choose X and the rest chose Y, the group choosing X will win $3.00, whereas the other group loses $1.00 each.
Ultimately, the group with the most money at the end of 5 round wins, and competing with banker also... if ulimately more ppl lose than win, banker wins.
To trust or not to trust
that's the question!
Comments