Game+Theory+5

You and your friend are on a television game show called Don't Drink The Milk. In the game the rules are simple you either drink the milk or don't drink the milk. You and your friend need to be blocked from view of each other. The Host will then ask you both at the same time "Do you want the milk?" Then if you decide that you do then you say in a very excited tone "Give me the milk" then chug the milk, or if you don't want to drink then say "It puts the milk on its skin or else it gets the hose again".
 * __ Rules of the Game __**
 * =  ||= drink ||= don't drink ||
 * = drink ||= 5,5 ||= 0,10 ||
 * = don't drink ||= 10,0 ||= 3,3 ||

Write down the rules of the game – that is, and in depth explanation of how to play the game, that could be read to the class to inform them of how the game is played. **__ Materials Required __** Construct a list of materials, if any, that would be required to play the game. For example, dice, cards, pencils, etc. **__ Predicted Results __** The predicted turn of events would be that they both won't drink the milk. The dominant Strategy is to not drink the milk but who can pass up a good glass of milk, come on. The Nash Equilibrium is that they will both not drink the milk for fear of what the other might do if the do drink the milk. Because if they do drink they can win medium or lose it all. If they don't the worst that will happen is they will win 3. Explain what you think the result of the game would be – that is, what would players likely do and what would the likely outcome of the game be? In other words, what is the dominant strategy in your game, and what is the Nash Equilibrium. WHY are they the dominant strategy and Nash Equilibrium?
 * Two Chairs
 * Two Contestants
 * Two Glasses of Milk or Other liquid
 * Game Show host(with enthusiastic voice)