MICROECONOMICS ASSIGNMENT

Name : vikrant vardhan

PRN:18060242066
Dark Knight Game Theory: The Robbery
Scene And The Pirate Game
These stories are the perfect illustration of the character’s ambiguity, as written
by Jonathan and Christopher Nolan. One story could be true, the other false. Or
they both might be true; the Joker’s scars may have become as ghoulish as they
are because of these two separate incidents. Or maybe neither is true; it’s all part
of the trickster’s slippery persona.

The games begin with a ban

These pirate have 100 gold coins.The game has the following rules:

 Pirate A is the strongest then pirate b is the next strongest, then pirate c

 Pirate A offers spilit such as 90 to me, 10 to b and 0 to c.

 Pirate votes majority rules.

Like John Doe in David Fincher’s SEVEN, the Joker seems to bubble up in Gotham City like a phantom
from its collective unconscious - a walking embodiment of its social malaise. Bruce Wayne’s loyal friend
Alfred suggests that the Joker’s a character who “just wants to watch the world burn.” The Joker
compares himself to a dog chasing a car; he wouldn’t know what to do if he actually caught up with it.
Yet in another scene, the Joker pointedly denies the suggestion that he’s insane.

“No, I’m not,” he tells smooth gangster Gambol (Michael Jai White). “I’m not.”

Rules (part2):
 Split happens if majority vote is yes
 Otherwise, pirate A walks the planks and dies
 Then the next strongest pirate B makes an offer they vote again
Game Theory - A Beautiful Mind
Oscar-winning film A Beautiful Mind, you'll be familiar with the American
mathematician John Nash. He contributed hugely to the model of game theory in
the 1950s, when the cold war was at its height.
Game theory, described very simply, is the study of underlying strategies in
human interaction. Through analysing two people playing Noughts and Crosses
(or Tic-Tac-Toe), for example, you could come up with a mathematical formula
which shows all the different possible moves that each player could make, and
from this conclude which approach is most likely to score you a victory. In fact,
lots of mathematicians have already done
There’s a thought experiment which is often used to illustrate how game theory
works, called The Prisoner's Dilemma. Adam Curtis once described it in his BBC
film, The Trap.
The Prisoner's Dilemma goes like this. A jewel thief is attempting to sell a stolen
diamond for a million dollars. A gangster is keen to buy it, so the jewel thief and
the gangster make a deal over the phone: rather than meet face to face, they’ll
leave the gem and the money in separate locations for the other to collect.
Now, the jewel thief has no way of knowing whether the gangster will tell the truth
about the location of the money, and the gangster doesn’t know that the jewel
thief will be honest about where he’ll leave the diamond, either.

Game theory suggests that, from the jewel thief's point of view, it’s tactically
better to lie than to tell the truth. In the worst possible sequence of events, the
gangster will have also lied about the location of the money, which means that, if
the jewel thief also lies, he'll still get to keep the diamond. In the best-case
scenario, the gangster will have told the truth and the jewel thief will therefore get
to walk home with the diamond and the cash.

With the very real threat of nuclear armageddon looming in the 1950s, game
theory was eagerly taken up by American scientists as a means of predicting
enemy behaviour. By viewing the cold war as a game of Tic-Tac-Toe between
west and east, game theory could create a model of both sides' strategies and
their likely outcomes. The Nash equilibrium, as it's widely called, has been
applied to all kinds of sciences, from economics to football matches. We can also
see this strategic theory in the Joker's way of thinking - and, indeed, some maths
and philosophy not long after The Dark Knight’s release. , Nash often described
human interaction as being like a poker game; both sides are modulating their
behaviour to get what they want out of the other person - even if they're not
conscious of doing so
The Prisoner's Dilemma

Game theory suggests that, from the jewel thief's point of view, it’s tactically
better to lie than to tell the truth. In the worst possible sequence of events, the
gangster will have also lied about the location of the money, which means that, if
the jewel thief also lies, he'll still get to keep the diamond. In the best-case
scenario, the gangster will have told the truth and the jewel thief will therefore get
to walk home with the diamond and the cash. The Prisoner's Dilemma goes like
this. A jewel thief is attempting to sell a stolen diamond for a million dollars. A
gangster is keen to buy it, so the jewel thief and the gangster make a deal over
the phone: rather than meet face to face, they’ll leave the gem and the money in
separate locations for the other to collect.
 Monty Hall Problem

Here, the case is: There are three doors. Behind one door, there is a car and behind
each door there is a goat. Now, the question is what is the probability of selecting the
right door and winning the car? Here, it is assumed that the Professor knows that
behind which door the car is kept. Now as there are two goats, so there is a greater
chance of picking a goat and than a car.

Now the scenario is that if the student choose door 1, then he has a 33% chance of
guessing correctly. Now as door 1 is chosen, professor opens another door (say, 3
where goat is there). So, now there is 66% chance of winning car and so on.

Now the twist in the video is the process of swapping. There are two ways. 1) Swap and
2)Stick to the first door. Now the advantage of swapping is that one could get another
chance of guessing. If one picks the car and swap he will lose. If one picks the goat and
swap he will win. 2 out 3 times one picks the goat. 2/3 times you swap, you win. So
swapping is the best option.

Not Swapping Swapping

Car-33% Car-66%
Goat-66% Goat-33%