Game Theory Application: Las Vegas Raiders and Los Angeles Chargers

Game Theory
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Game Theory
The game theory is more prevalent than one could imagine. A recent phenomenon that demonstrated the dilemma that is often elicited by the game theory was a recent game between the Las Vegas Raiders and the Los Angeles Chargers. The details of the game have been outlined in an article published in the Street Wall Journal. The concepts of prisoner’s dilemma and the game of chicken are pretty evident in the game. The following is an explanation of how these concepts were part of the game and a discussion of how the players could have behaved differently to achieve a better outcome. First, it is essential to note that if the two teams ended in a tie, then both would have made it to the playoffs (Beaton, 2022). However, if one team won a...