Game Theory in Practice

[Guest dempster]

Cool video.

http://www.noisefreeinvesting.com/blog/?p=837

 

[Guest ajc]

 

How to Trick the Guilty and Gullible into Revealing Themselves

 

 

"King Solomon built the First Temple in Jerusalem and was known throughout the land for his wisdom.

 

David Lee Roth fronted the rock band Van Halen and was known throughout the land for his prima-donna excess.

 

What could these two men possibly have had in common? Well, both were Jewish; both got a lot of girls; and both wrote the lyrics to a No. 1 pop song ("Jump" in Mr. Roth's case and, in Solomon's, several verses from Ecclesiastes that appeared in the Byrds' 1965 hit "Turn! Turn! Turn").

But most improbably, they both dabbled in game theory, as seen in classic stories about their clever strategic thinking..."

 

 

http://online.wsj.com/news/articles/SB10001424052702303647204579546293797700508?mod=WSJ_hp_EditorsPicks&mg=reno64-wsj