green -beard strategy


Suppose a CD player player tries to detect whether its partner is C player instead of a DD player by looking for external signals that are at least as typical for DD players than DD players than for cd players draw a diagram tp explain how two boundariesb.L and bu are optimally determined by the minimum likehood ration Lmin. Show on the diagram where it is optimal to respond C versus D. Also explain what happens to the boundries when detection becomes more cautious by raising the minimum likehood ration

What is meaning of the LDD detection strategy

What is the main problem with the green -beard strategy? Explain how the LDD strategy overcomes this problem.

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Game Theory: green -beard strategy
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