Hello, you have come here looking for the meaning of the word
centipede game. In DICTIOUS you will not only get to know all the dictionary meanings for the word
centipede game, but we will also tell you about its etymology, its characteristics and you will know how to say
centipede game in singular and plural. Everything you need to know about the word
centipede game you have here. The definition of the word
centipede game will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
centipede game, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
centipede game (plural centipede games)
- (game theory) An extensive form game in which two players take turns choosing either to take a slightly larger share of an increasing pot, or to pass the pot to the other player. The payoffs are arranged so that if one passes the pot to one's opponent and the opponent takes the pot on the next round, one receives slightly less than if one had taken the pot on this round, but after an additional switch the potential payoff will be higher. Therefore, although at each round a player has an incentive to take the pot, it would be better for them to wait.