more on this theme | more from this thinker
Full Idea
At the most abstract level, game theory is about tables with numbers in them - numbers that entities are are efficiently acting to maximise or minimise.
Gist of Idea
Formal game theory is about maximising or minimising numbers in tables
Source
William Poundstone (Prisoner's Dilemma [1992], 03 'Curve')
Book Ref
Poundstone,William: 'Prisoner's Dilemma' [OUP 1992], p.61
A Reaction
A brilliant idea. The question is the extent to which real life conforms to the numberical tables. The assumption that everyone is entirely self-seeking is blatantly false. Numbers like money have diminishing marginal utility.
| 22717 | Self-interest can fairly divide a cake; first person cuts, second person chooses [Poundstone] |
| 22718 | Formal game theory is about maximising or minimising numbers in tables [Poundstone] |
| 22719 | The minimax theorem says a perfect game of opposed people always has a rational solution [Poundstone] |
| 22720 | Two prisoners get the best result by being loyal, not by selfish betrayal [Poundstone] |
| 22721 | The tragedy in prisoner's dilemma is when two 'nice' players misread each other [Poundstone] |
| 22722 | TIT FOR TAT says cooperate at first, then do what the other player does [Poundstone] |
| 22723 | Do unto others as you would have them do unto you - or else! [Poundstone] |