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game theory (27) coordination problems (12) Prisoner's Dilemma (9) rational choice (6) strategic thinking (6) Nash equilibria (5) collective action problems (4) incentive structures (3) backward reasoning (3) auction theory (2)

Game Theory As A Dark Art

Scott presents six game theory scenarios demonstrating how strategic thinking can force rational actors into seemingly irrational outcomes, ranging from theoretical examples like evil plutocrats and hostile takeovers to real-world applications like dollar auctions and the Golden Balls game show.

lw
Jul 24, 2012 3,915 words 178 likes 108 comments Read Read Opened Opened
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