Science

Game Theory

Game Theory

Conflict, Strategy and Game Theory (via Ground Views ) Image courtesy Wallaad The most exiting academic course I have ever taken was “Conflict and Strategy” taught at Harvard University by Nobel Laureate Thomas Schelling, one of the most brilliant persons I have known. After I took that course in late…
Game Theory Over?

Game Theory Over?

For Italy, it is Game Theory Over (via Market Shadows ) Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. We discussed the use of Game Theory as a useful tool for analyzing Europe's predicament in February and noted that it was far from optimal for any (peripheral or core) sovereign…
Games People Play

Games People Play

Games People Play (via Market Shadows ) Games People Play Courtesy of Tim at Psy-Fi BlogNobel Games   Game Theory is a theory of human decision making, and one that’s very popular in the dismal science: no less than thirteen of the forty four Nobel Prizes in economics have been awarded…
The Nash Equilibrium

The Nash Equilibrium

Game Theory and the Nash Equilibrium (via http://www.science4all.org ) Although not totally right, it’s often written that social interactions are what make humans very different from animals. In fact, Joel Brown, a renowned professor in ecology, once told me that, as a result, game theory ruled our every day’s lives…