Naslov
Applying game theory to the example of Axelrod’s tournament

Autori
Đukec, Damira ; Keček, Damira ; Žic, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development / Milković, Marin ; Keček, Damira ; Hammes, Khalid - , 2019, 43-50

Skup
46th International Scientific Conference on Economic and Social Development: "Sustainable Tourist Destinations"

Mjesto i datum
Varaždin, Hrvatska, 24.10.2019. - 25.10.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Axelrod’s tournament, game theory, Nash equilibrium, Prisoner’s Dilemma

Sažetak
This paper presents the application of the Axelrod’s tournament example in game theory. Game theory is a branch within the economy and deals with the analysis of strategic problems in different environments. The basic idea of this paper is to demonstrate and explain the example of Axelrod’s tournament. Axelrod’s tournament is based on the Prisoner's Dilemma with repetitions in order to obtain the best possible strategy for further action. Practical part of the paper is written in object-oriented language JavaScript. JavaScript is a simple programming language that can be used online, where no additional files or programs are needed. Axelrod’s Tournament is implemented with six strategies. Strategies used in this paper are ALLC, ALLD, TESTER, JOSS, RANDOM and TFT. Only cooperation that took place between two strategies was scored, where non- cooperation and half cooperation do not win any points. To ensure that all strategies interact with each other and to ensure higher accuracy of the results, 90, 000 iterations were selected. Based on the results obtained, conclusion confirming Axelrod’s tournament has been adopted.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Informacijske i komunikacijske znanosti

POVEZANOST RADA