Nice Guys Finish First: Difference between revisions
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# The agent must have a good chance of competing against the opponent more than once. |
# The agent must have a good chance of competing against the opponent more than once. |
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In a second trial, this time of over sixty applicants, [[tit for tat]] won again. |
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In a second trial, this time of over sixty applicants, [[tit for tat]] won again. Few have extended the game theoretical approach to other applications such as finance. In that context the tit for tat strategy was shown to be associated to the trend following strategy.<ref name="AlgorithmicFinance.com">{{cite journal|author=Mahdavi-Damghani, Babak and Roberts, Stephen|title=Guidelines for Building a Realistic Algorithmic Trading Market Simulator for Backtesting While Incorporating Market Impact: Agent-Based Strategies in Neural Network Format, Ecosystem Dynamics & Detection|journal=Algorithmic Finance|volume=Pre-press|issue=1|pages=1-25|year=2023|doi=10.3233/AF-220356}}</ref> |
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==See also== |
==See also== |
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Latest revision as of 07:25, 11 November 2024
 | This article needs additional citations for verification. (February 2024) |
Nice Guys Finish First (BBC Horizon television series) is a 1986 documentary by Richard Dawkins which discusses selfishness and cooperation, arguing that evolution often favors co-operative behaviour, and focusing especially on the tit for tat strategy of the prisoner's dilemma game. The film is approximately 50 minutes long and was produced by Jeremy Taylor.[1]
The twelfth chapter in Dawkins' book The Selfish Gene (added in the second edition, 1989) is also named Nice Guys Finish First and explores similar material.
Overview
[edit]In the opening scene, Richard Dawkins responds very precisely to what he views as a misrepresentation of his first book, The Selfish Gene. In particular, the response of the right wing for using it as justification for social Darwinism and laissez-faire economics (free-market capitalism). Dawkins has examined this issue throughout his career and focused much of his documentary The Genius of Charles Darwin on this very issue.
The concept of reciprocal altruism is a central theme of this documentary. Additionally, Dawkins examines the tragedy of the commons, and the dilemma that it presents. He uses the large area of common land Port Meadow in Oxford, England, which has been battered by overgrazing. This provides an example of the infamous tragedy of the commons. Fourteen academics as well as experts in game theory submitted their own computer programs to compete in a tournament to see who would win in the prisoner's dilemma. The winner was tit for tat, a program based on "equal retaliation", and Dawkins illustrates the four conditions of tit for tat.
- Unless provoked, the agent will always cooperate.
- If provoked, the agent will retaliate.
- The agent is quick to forgive.
- The agent must have a good chance of competing against the opponent more than once.
In a second trial, this time of over sixty applicants, tit for tat won again.
See also
[edit]- Altruism in animals
- Ethology
- Evolutionarily stable strategy
- Evolutionary game theory
- Natural selection
- Prisoner's Dilemma
- Sociobiology
- The Selfish Gene
- Tit for tat
- Tragedy of the commons
- Mutual Aid: A Factor of Evolution
References
[edit]- ^ Richard Dawkins (1986). Nice Guys Finish First (Video). Produced by Jeremy Taylor. Horizon (BBC TV series). Event occurs at 49:26.
External links
[edit]
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