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The One and Only... The One and Only... is offline
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Old Jan 17th, 2004, 01:41 PM        Game theory and economic implementation
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.
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Old Jan 17th, 2004, 01:49 PM       
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.
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Old Jan 17th, 2004, 01:57 PM       
Although I try to not objectify, I recognize the appeal in viewing certain attractive members of the opposite sex as "game".
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Old Jan 17th, 2004, 02:02 PM       
I don't think many women would let you try backwards induction without an engagement ring...
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Old Jan 17th, 2004, 02:04 PM       
THE OAO GOT GAME, BITCH.
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Old Jan 17th, 2004, 02:08 PM       
That's going in the sig.
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mburbank mburbank is offline
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Old Jan 17th, 2004, 03:48 PM       
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.
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Old Jan 17th, 2004, 04:28 PM       
Backwards induction? Isn't something thats true, in general, true for the particular instances? Sounds like sound reasoning to me.
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Royal Tenenbaum Royal Tenenbaum is offline
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Old Jan 17th, 2004, 06:22 PM       
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.
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theapportioner theapportioner is offline
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Old Jan 17th, 2004, 06:59 PM       
Hmmm, "Prisoner's Dilemma"... sounds like some kinda kinky sex-play
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