Why My Game Theory Stands For Fairness And Equality, A New Answer to The Pennies Game, Plus Implications For Trump, Columbia, and Harvard

Today’s post is about a new preliminary answer to the “Pennies Game.” Which is a precursor game to the Prisoner’s Dilemma invented by RAND game theorist Merrill Flood. The “Pennies Game” – depicted here by Flood – is an asymmetric game rather than a symmetric game and this is relevant or arguably more relevant to the power dynamics between more powerful players and less powerful players, such as the game between Trump, Columbia, and Harvard (although I previously explained that scenario is an asymmetric, multiplayer game). The Pennies Game has two players with pennies who have to split the pennies, and can opt between splitting these proceeds, or keeping them with one player having more pennies than the other. Here, Flood’s answer (1,2) vindicates the game theorist John von Neumann and in real life with two players playing for pennies, the two players choose to have one player ea...