Game Theory Essay Example | Topics and Well Written Essays - 3000 words

Game Theory - Essay ExampleIn context, Marx and his wife Anna atomic number 18 faced with critical decisions in their life. Given that their marriage has been on the rocks for a period, each of them separately relies on the game theory as the route towards getting preferable choices in their marriage, which is one of the top techniques to resolve marital problems (Szuchman). In addition to being a couple, the two operate separate but standardised businesses, on which they have had fights because of their stiff competition. Their profiled problems start on Valentines Day, regarding the bribes they want to buy for each other and even proceed to resolution of their business woes, whose silk hat propositions are determined by the game theory. The couple requires solutions that will salvage their marriage and prosper their businesses using the best strategies.Scenario 1Marx wants to buy a cockscomb for Anna this Valentines Day so that she can tend to her long hair. On the other hand, Anna would love to buy a wrist strap for her husbands pocket watch, who has difficulties in keeping time at his place of work. Despite their perfect love for each other, neither has enough money to purchase the gift they would want to give.We may want to assume quite a different scenario, where the two lovers are in an uncertain short-term relationship and are self-centered. In this perspective, they do not care about each other, but are more concerned on the gains or losses they hope to make in the term of their relationship.