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Game Mining: How to Make Money from those about to Play a Game

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  • James W. Bono
  • David H. Wolpert

Abstract

It is known that a player in a noncooperative game can benefit by publicly restricting his possible moves before play begins. We show that, more generally, a player may benefit by publicly committing to pay an external party an amount that is contingent on the game's outcome. We explore what happens when external parties -- who we call ``game miners'' -- discover this fact and seek to profit from it by entering an outcome-contingent contract with the players. We analyze various structured bargaining games between miners and players for determining such an outcome-contingent contract. These bargaining games include playing the players against one another, as well as allowing the players to pay the miner(s) for exclusivity and first-mover advantage. We establish restrictions on the strategic settings in which a game miner can profit and bounds on the game miner's profit. We also find that game miners can lead to both efficient and inefficient equilibria.

Suggested Citation

  • James W. Bono & David H. Wolpert, 2024. "Game Mining: How to Make Money from those about to Play a Game," Papers 2401.02353, arXiv.org.
  • Handle: RePEc:arx:papers:2401.02353
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    File URL: http://arxiv.org/pdf/2401.02353
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