(J) analyze the relative importance of the three desirable
properties of fair division: equitability, envyfreeness, and Pareto
optimality; and
(K) identify fair division procedures that exhibit
envyfreeness.
(6) Game (or competition) theory. The student uses
knowledge of basic game theory concepts to calculate optimal strategies.
The student analyzes situations and identifies the use of gaming strategies.
The student is expected to:
(A) recognize competitive game situations;
(B) represent a game with a matrix;
(C) identify basic game theory concepts and vocabulary;
(D) determine the optimal pure strategies and value
of a game with a saddle point by means of the minimax technique;
(E) explain the concept of and need for a mixed strategy;
(F) compute the optimal mixed strategy and the expected
value for a player in a game who has only two pure strategies;
(G) model simple twobytwo, bimatrix games of partial
conflict;
(H) identify the nature and implications of the game
called "Prisoners' Dilemma";
(I) explain the game known as "chicken";
(J) identify examples that illustrate the prevalence
of Prisoners' Dilemma and chicken in our society; and
(K) determine when a pair of strategies for two players
is in equilibrium.
(7) Theory of moves. The student analyzes the theory
of moves (TOM). The student uses the TOM and game theory to analyze
conflicts. The student is expected to:
(A) compare and contrast TOM and game theory;
(B) explain the rules of TOM;
(C) describe what is meant by a cyclic game;
(D) use a game tree to analyze a twoperson game;
(E) determine the effect of approaching Prisoners'
Dilemma and chicken from the standpoint of TOM and contrast that to
the effect of approaching them from the standpoint of game theory;
(F) describe the use of TOM in a larger, more complicated
game; and
(G) model a conflict from literature or from a reallife
situation as a twobytwo strict ordinal game and compare the results
predicted by game theory and by TOM.
