polardetective

What am I talking about? Well continue to read chapter 3 of the book and you will see how Binmore gladly portrays both “common knowledge” and “backward induction” as “useful instruments” when discussing “subgame perfection” and “trembling hand” equilibrium. Automotive Repair Ware. My critique is that even if these assumptions are “useful,” that is not enough to warrant using them. Assuming that people are green and come from Mars may be very useful when constructing economic models, but what has that got to do with understanding and explaining structures and causal relations in real economies?

Jul 9, 2014 - Back in 1991, when yours truly earned his first Ph.D. With a dissertation on decision making and rationality in social choice theory and game theory, I concluded that 'repeatedly it seems as though mathematical tractability and elegance -- rather than realism and relevance -- have been the most applied. This Pin was discovered by Jarochos.Net. Discover (and save! Telugu Classical Music Mp3 Songs here. ) your own Pins on Pinterest. Binmore Ken- La Teoria de Juegos - Ebook download as PDF File (.pdf), Text File (.txt) or read book online. Created Date: 2/24/2014 10:59:11 AM.

Comment by — 10 July, 2014. Game theory has proved very successful in market settings (experiments), where it is principally applied in economics. But Binmore has been a leading critic of those who believe that economics contains a “selfishness axiom” (false) or that rationality implies backward induction (also false). “To defend backward induction, one needs not only that it is common knowledge among the players that they are all utility maximizers, but that they disregard any evidence to the contrary that they might receive when playing the game.” See Section 5 of. Comment by Justin Dylan— 10 July, 2014.

“It may turn out to be useful – logic was useful in the development of the computer sciences, for example – but it’s not directly practical in the sense of helping you figure out how best to behave tomorrow, say in a debate with friends, or when analysing data that you get as a judge or a citizen or as a scientist.” Uh hang on a minute logic will not help you in a debate? Is this guy serious? Sorry, I don’t buy that at all.

Logic is extremely important in debates and people with a poor grasp of logic will tend to be poor debaters. This is a very odd statement. Comment by — 10 July, 2014. Hi Lars, do your books cover Adam Curtis’s BBC documentary series The Trap? Episode 1: “F**k You Buddy” (11 March 2007) –snip– In this episode, Curtis examines the rise of game theory during the Cold War and the way in which its mathematical models of human behaviour filtered into economic thought.

The programme traces the development of game theory with particular reference to the work of John Nash (the mathematician portrayed in A Beautiful Mind), who believed that all humans were inherently suspicious and selfish creatures that strategised constantly. Using this as his first premise, Nash constructed logically consistent and mathematically verifiable models, for which he won theNobel Prize in Economics. He invented system games reflecting his beliefs about human behaviour, including one he called “Fuck Your Buddy” (later published as “So Long Sucker”), in which the only way to win was to betray your playing partner, and it is from this game that the episode’s title is taken. These games were internally coherent and worked correctly as long as the players obeyed the ground rules that they should behave selfishly and try to outwit their opponents,[citation needed] but when RAND’s analysts tried the games on their own secretaries, they instead chose not to betray each other but to cooperate every time. This did not, in the eyes of the analysts, discredit the models but instead proved that the secretaries were unfit subjects. The Three Lives Of Thomasina Full Movie on this page.

–snip– Episode 2 “The Lonely Robot” –snip– Curtis’s narration concludes with the observation that the game theory/free market model is now undergoing interrogation by economists who suspect a more irrational model of behaviour is appropriate and useful. In fact, in formal experiments the only people who behaved exactly according to the mathematical models created by game theory are economists themselves, and psychopaths. Quotes are from Wikipedia entry for The Trap but were included in longer discussion at Corrente. I’d highlight the ends of both quotes — subjects must be valid psychopaths for games to work, cooperators disqualified. Comment by just me— 10 July, 2014. I like comments.