The Prisoners’ Dilemma is a classic problem in economics with a clear theoretical outcome of non-cooperation. In practice, however, people are sometimes “nicer” than economists predict…and apparently this makes the game interesting enough to make a game show about. (Yes, I have been fascinated by this for going on two and a half years now.) [...]
Entries Tagged as 'Game Theory'
More On Golden Balls, And The Best Lesson In Game Theory Ever…
April 21st, 2012 · 11 Comments
Follow Ups · Game Theory
Tags: Follow Ups · Game Theory
How To Put My Online Videos To Shame, Game Theory Edition…
March 13th, 2012 · 4 Comments
Education · Game Theory
In today’s “better than a Groupon” news, two professors at Stanford University are offering a game theory course online for free. The course starts on Monday, March 19th, so you’d better get a move on. From what I can tell, the course provides modular online lectures as well as problem sets and exams and such, [...]
Tags: Education · Game Theory
The Second-Best Thing I Have Read Today, Game Theory And Jersey Shore Edition…
August 24th, 2010 · 9 Comments
Game Theory · The Simpsons
I will get to the best thing eventually…in the meantime: From Mind Your Decisions: Handbag companies were not happy to see reality star Snooki on Jersey Shore vomit in their handbags and defile their brands. And so, they fought back in an interesting way. Via NBCPhiladelphia: Well, it ends up that fashion powerhouses like Gucci [...]
Tags: Game Theory · The Simpsons
Follow Up: I Am No Longer Surprised That Economists Don’t Get Invited To Game Night…
August 9th, 2010 · 7 Comments
Follow Ups · Game Theory · Just For Fun
I wrote a few weeks ago about why it might not be the best idea to play board games involving play money with an economist. My explanation was inflation-related, but apparently there are other reasons. Reader Kit points me to NPR’s Planet Money: If you think a regular Monopoly game takes forever, try playing with [...]
Tags: Follow Ups · Game Theory · Just For Fun
Why Economists (And Homer Simpson) Don’t Vote, And How Kevin Costner Movies Come To Life…
August 5th, 2010 · 5 Comments
Decision Making · Game Theory · The Simpsons
In general, I am very much of the mindset that understanding basic economics is crucial to not sucking at life. Think about it- economics can help people be smart consumers, can prevent people from being fooled by politicians, etc. That said, being the type of person who turns life into one big cost-benefit calculation can [...]
Tags: Decision Making · Game Theory · The Simpsons