4 ms·
This article presents the reflections of Game Theorist, Ariel Rubenstien, about the practical uses of his discipline. http://www.faz.net/aktuell/feuilleton/deb
by oli5679 10y ago
This article presents the reflections of Game Theorist, Ariel Rubenstien, about the practical uses of his discipline.
http://www.faz.net/aktuell/feuilleton/debatten/game-theory-how-game-theory-will-solve-the-problems-of-the-euro-bloc-and-stop-iranian-nukes-12130407.html http://www.faz.net/aktuell/feuilleton/debatten/game-theory-h...
It's worth reading the whole article, but he cautious about the predictive power of many of Game-theory's most elegant models:
"In my view, game theory is a collection of fables and proverbs. Implementing a model from game theory is just as likely as implementing a fable. A good fable enables us to see a situation in life from a new angle and perhaps influence our action or judgment one day. But it would be absurd to say that “The Emperor’s New Clothes” predicts the path of Berlusconi"
To give some context, he is one the 100 most cited economists in the world, coauthor of the most popular graduate Game Theory textbook and has a reasonable chance of winning a Nobel over the next couple of decades for his work on game-theoretic bargaining models.
- adrianratnapala 10y agoThough now that he points it out, it seems like the path of Berlusconi is rather well explained by the "Emperor's New Clothes".