Stanford CS251: Lecture 6
Lecture 6: Bitcoin Miner interactions and Game Theory Game Theory: P x S -> R x P P: Players S: Strategies R: Rewards Examples For the prisoner’s dilemma, tit-for-tat with some positive randomization is the best strategy. Trench soldiers in World War 2 decided to start aiming artillery at random “safe” locations instead of killing the enemy. This all happened without any communication. Mechanism design: Design the rules of the game with the outcome you want....