You’ll have to pay up, except that there’s a way out of this for you.
Given that you only $100 to start with, you’re going to end up $20 in debt. If 60 other people pushed their buttons, you’re going to lose 2 × 60, or $120. It sounds vicious on your part, but other people may press their buttons, too, and every time they do, you lose $2 along with everybody else. When you push your button, the first thing it does is to take $2 away from every other player, and just like that, everyone else is down to $98. This is a transcript from the video series Games People Play: Game Theory in Life, Business, and Beyond. If nobody’s actions affected anyone else, it wouldn’t be a game because games are interactive. What does it do? Pushing this button has two effects: one that affects you and one that affects everybody else. But you don’t know enough yet to know whether to push. If you’re a rational player, you’re going to try to adopt the strategy that will maximize your expected payoff given what you know-or think you know-about the other players in the game. In every game, every player has a strategy.
A rational player will try to adopt the strategy that will maximize the expected payoff given what they know or think they know about the other players in the game. Please Don't Push the Red Button includes the song "Everyone Makes Mistakes".In every game, every player has a strategy. If the red button is pushed, Grover usually offers gentle corrections ("We are not pushing the red button today!") but occasionally he becomes a bit exasperated. On the tape, Grover guides the listener through a series of puzzles and games, but requests rather emphatically that the listener never push the red button on the Talk 'n Play unit. It was later re-released by Hasbro, under the Playskool label. On the tape, Grover guides the listener through a series of puzzles and games, but requests rather emphatically that the listener never Lovable, Furry Old Grover in Please Don't Push the Red Button is a Sesame Street book-and-tape set released by CBS Toys for the Electronic Talk 'n Play interactive toy in 1984. Lovable, Furry Old Grover in Please Don't Push the Red Button is a Sesame Street book-and-tape set released by CBS Toys for the Electronic Talk 'n Play interactive toy in 1984.
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