Social Sciences
8 years ago

Predict opponents' moves in games to avoid exploitation and maximize success.

National Conference on Artificial Intelligence
A cognitive hierarchy model applied to the lemonade game
Michael B. Wunder, Michael Kaisers, Michael L. Littman, John Robert Yaros

Paper Summary

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The Lemonade Game study shows that in decision-making, it's important to predict how deeply others are thinking. Players who don't think enough can be taken advantage of, while those who overthink may struggle to work well with others. By using a tool called Cognitive Hierarchy, researchers found that this idea explains the results of the Lemonade Game competition. This means that in games like this, understanding how much your opponents are reasoning can help you make better choices.