Principles of Game Theory - Essay Example

Vizzini was regarding himself as clever, and the masked man as a fool (Reiner, 1987). This speech also denotes action. The action under consideration is putting poison into the goblets.  This speech also contains acting on the basis of information. 

 For instance, Vizzini talks about a clever man, having knowledge that a fool will take what has been given to him. It is by acting on this knowledge that Vizzini denotes that he cannot take the wine that is in front of him. Information is also depicted when Vizzini further goes on to denote that the masked man had knowledge that he was not a great fool (Reiner, 1987). It is important to understand that in any game, players must always act from a point of knowledge. That is, they must have information regarding their competitors and opponents. Finally, there is a payoff in this speech. The payoff under consideration is choosing a wine that is not poisoned. That is the reason why Vizzini tells that he cannot choose the wine in front of him because it is likely that the wine has some poison. To win, Vizzini had to choose a wine that did not contain poison, which was the payoff in this game (Reiner, 1987).    

Question 2:

It is correct to denote that the consequence of our choices normally depends on the results of an action that emanates from us choosing to do something else. This concept is correct, and proof comes from my personal experiences. For instance, there was a period in time, when I was to engage in a game of wits with my friends. The game under consideration was to test our intelligence level by answering aptitude questions. We were three, and we gave each other two days for preparation. However, because of my belief in myself, I failed to prepare and revise for possible questions that make up an aptitude test. The result was that I was unable to beat off my friends, who were able to garner more than 70% of the scores. I only managed a mere 50% of the scores. Had I prepared for the contest, I believe the results would have been different.

The second experience occurred during my high school period when there was a painting contest between my friends and me. The winner of the contest was to take home a set of painting materials, such as crayons, oil, and paintbrushes. We were four in number, and each and every one of us was to come up with a painting of any unique feature. We had three days to prepare, and in my confidence and self-belief, I failed to prepare for the painting contest. On the day of painting, the consequences were severe, for I was unable to come up with a unique and beautiful painting as compared to that of my friends. This made me fail in the contest.