1. Arrive early and park in the near/shaded area

2. Arrive early and park in the far/unshaded area

*Makes perfect sense*2. Arrive early and park in the far/unshaded area

*Why would I do that?!*
3. Arrive late and park in the far/unshaded area

*There are some empty spaces but walking to the office takes more time and effort*

4. Arrive late and park in the near/shaded area

*In case I was lucky enough I might find an empty space, otherwise*

*I would have wasted more time looking for a space in this area*

*and eventually go back to*

*the*

*far/unshaded area*

*which again costs me time and effort to*

*get to the office*

So, what do I do? Of course, arrive early in the first place, otherwise I just park at the first empty spot that I observe.

In this case, my opponent was actually 'the occupancy of the parking lot'. If I arrive late mostly likely I will not be able to find an empty space, which means I ended up having to deal with what is called a dominated strategy. Conversely, a dominant strategy means that regardless of what the other player chooses, you are certain that the option that you choose will always yield a better outcome.

Finally, I want to share this website you (www.academicearth.org

*thx Raed*) which has lots of free lectures from top universities. It also has a full course on Game Theory from Yale university by Dr. Benjamin Polak, even if you watch one lecture, trust me it is totally worth it.