Friday, May 04, 2012

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Now That’s Game Theory!

Game Theory is the study and logic of interactions between two or more parties, and the determination of the best strategy to come out with the best possible result where both parties are trying to win.  These theories apply to business situations as well as political situations and international interactions. 

One of the top Game Theorists in the world is an ultra-orthodox Jewish professor in Israel.  (Unfortunately while he’s occasionally asked to advise the Israeli government on political negotiations, his positions seem counterintuitive and they never put them in practice.)

Below is a game show example that is a wonderful demonstration of game theory, and should be translated into the political positions of Israel as a country!


Dov Bar-Leib said...

Yisrael "Robert" Aumann should be sent a copy of this. He would get a kick out of it. He is approaching 82 years old now. May he live to 120.

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