In this game theory workshop you will learn the basics of game theory using the Prisoner's Dilemma as an example.

The Prisoner's Dilemma is a game with two participants, where each person must decide to 'Co-operate' or 'Deflect' with the other person. We will discuss the optimal strategy to this dilemma assuming the game is played once, and each person is rational and self-interested. We will also discuss the strategies each player can use when the game is played through multiple times with the same participants. This will be shown with a class-wide rendition of the Prisoner's Dilemma, and then you will form pairs to play through multiple rounds of the game.

We will then discuss practical applications of the Prisoner's Dilemma, such as how this illustrates the way Internet Service Providers (ISPs) routes data within a network.

We will finish off with a game, where everybody must write a number from 0 to 100, and the winner will win a prize depending on the number they wrote.