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Simple Decision Processes

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Game Theory

Part of the book series: Springer Undergraduate Mathematics Series ((SUMS))

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Abstract

A man hears that his young daughter always takes a nickel when an adult relative offers her a choice between a nickel and a dime. He explains to his daughter, “A dime is twice as valuable as a nickel, so you should always choose the dime”. In a rather exasperated tone, his daughter replies “Daddy, but then people will not offer me any money”.

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© 2007 Springer-Verlag London Limited

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(2007). Simple Decision Processes. In: Game Theory. Springer Undergraduate Mathematics Series. Springer, London. https://doi.org/10.1007/978-1-84628-636-0_2

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