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Nassim Taleb famously destroys those lines of reasoning in his books: game theory is unpractical for most people, because it almost always ignore variables that
by BiteCode_dev 4y ago
Nassim Taleb famously destroys those lines of reasoning in his books: game theory is unpractical for most people, because it almost always ignore variables that don't exist in a lab but are crucial IRL.
Comments have been explaining which ones already apply to this article, I'm not going to repeat them.
But there is an another example from Taleb that always makes me smile:
- If the other player tosses a coin and gets 9 tail in a row, what are the chances of getting tail on the next toss?
- 50%!
- No, 100%. The other player is cheating.