Game theory and economic implementation

[The One and Only...]

What do you guys think of the growing use of game theoretical tools within post-Chicago economics?

For example, Prisoner's Dilemma is sometimes used to explain an entrepeneur's position within the market place.

I think it's useful, but is severely limited within it's scope. Why? Well, for one thing, I am skeptical of any argument that makes it's basis on backwards induction, which many game theorists do to justify regulation.

[Anonymous]

In regards to the game theory, I don't believe that violent video games promote violent behavior. I've been playing video games for years, and I haven't turned into a murderous thug.

[theapportioner]

Although I try to not objectify, I recognize the appeal in viewing certain attractive members of the opposite sex as "game".

[The One and Only...]

I don't think many women would let you try backwards induction without an engagement ring...

[Brandon]

THE OAO GOT GAME, BITCH.

[The One and Only...]

That's going in the sig.

[mburbank]

So, what, OAO, did you, you know, go to school or something? 'Cause all them big words and concepts just make my head go all woozy.

[kellychaos]

Backwards induction? Isn't something thats true, in general, true for the particular instances? Sounds like sound reasoning to me.

[Royal Tenenbaum]

Did OAO's older sibling leave their economics text open? Because I think he just opened up a random page, and wrote some shit in a feeble attempt to impress anyone that might give a shit.

[theapportioner]

Hmmm, "Prisoner's Dilemma"... sounds like some kinda kinky sex-play :yum