I presented my students with a game which I got the idea from the book
Understanding Game Theory. This was in the "Coalitions and Distributions" section of the book.
For groups of three kids, I assigned students cities A, B and C. Each city needs to build infrastructure. I posed the game in this way: If city A builds alone, it will cost 60mil. The Same for B and C. If A and B form a coalition, then they can pay 40mil in total and both of their infrastructure gets built. If A and C form a coalition, 50mil combined, and if B and C 50mil. Finally if all three form a coalition it would cost them 80mil combined and each city gets their infrastructure.
I created the numbers in this game so that the AC coalition is the beast deal for C at minimum of 30mil, with room to go up 39 million and still beet out the triple coalition at 80 mil. This leaves B high and dry, so no B can barder with C. Thus an endless system of bardering ensues as it did in my 7th grade classes, Mwahahaha! (evil math teacher laugh)
But, if you have students come up with their own numbers, then really good questions can arrise like "how can we choose numbers so that there is the most 'happy' equilibrium, the 'least' happy equilibrium. Then they can answer "What would be a fair distribution?." What would the utilitarian solution be? What would the most capitalist solution be?
When I did this activity, the engagement was through the roof! Unfortunately I did not do the greatest job of connecting clear mathematical content. This problem houses:
inequalities
substitution?
...
Any advise on this activity?
Regards,
Sean Corey