And Nash won the Nobel Prize in economics

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Sep 15, 2014
7:28:41am

Freddie Cougar

And Nash won the Nobel Prize in economics

Sorry, but without making assumptions about human behavior, ie, that the game is being played by rational (as defined by economics) decision-makers under constrained conditions, you don't have a theory. Those assumptions about human behavior the very foundation of economic thought.

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Freddie Cougar

Bio page: Freddie Cougar
Joined: Apr 3, 2001
Last login: Oct 5, 2018
Total posts: 42,142 (354 FO)

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Messages

Author

Time

Condi's Biography: Is there a substantial amount of IR theory in it?

ChinoCoug

9/15/14 12:53am

Hopefully not, as IR theory is a lot of hooey.

9/15/14 6:08am

The new game theory stuff is actually quite predictive. But her political

ChinoCoug

9/15/14 6:50am

True, but game theory is more economics than polisci

9/15/14 6:52am

It's more mathematics than econ. But you can use it for econ or polisci.

ChinoCoug

9/15/14 6:57am

It's based on standard economic assumptions

9/15/14 7:04am

No way man, von Neumann and Nash were mathematicians, not economists, and the

ChinoCoug

9/15/14 7:18am

And Nash won the Nobel Prize in economics

9/15/14 7:28am

You think that because all your game theory classes came from the econ dept.

ChinoCoug

9/15/14 7:37am

Um, whatever

9/15/14 7:52am

LOL. Philosophy encyclopedia entry. Yay.

ChinoCoug

9/15/14 8:14am

What rational actor is playing here?

ChinoCoug

9/15/14 8:35am

What was the name of von Neumann's and Morgenstern's book?

9/15/14 8:42am

Proves nothing. "Theory of Games and Animal Behavior" if there was a book

ChinoCoug

9/15/14 8:45am

You're talking in circles now

9/15/14 9:04am

Economics was the first of many applications. Bye!

ChinoCoug

9/15/14 9:29am

If it's not a pure mathematical theory, why do they teach it in pure mathematics

ChinoCoug

9/15/14 9:32am

About 1/4 of the game theory models we went over in my game theory class had

ChinoCoug

9/15/14 9:34am

Sigh

9/15/14 9:50am

The unifying assumption of game theory is that two or more people are playing a

ChinoCoug

9/15/14 10:09am

That's not an assumption, that's just a feature of games

9/15/14 10:31am

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