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If "lab tests" show game theory to not work as a predictor, then the scientists performing the test made incorrect assumptions. This does not however mean that
by Flankk 17y ago
If "lab tests" show game theory to not work as a predictor, then the scientists performing the test made incorrect assumptions. This does not however mean that game theory does not work or is not useful.
As far as I know, estimating player's ability to reason is part of game theory. The less rational the player, the more variance in outcomes. Game theory is still useful with less rational players because you can still exclude dominated strategies.
- deleted 17y ago[deleted]
- scott_s 17y agoThat's rather the point: are humans rational agents in circumstances where there are objectively better strategies? If you're interested in more on that question, check out "Predictably Irrational" by Dan Ariely.