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Monthly Archives: May 2011
Game theory and gun control
I have seen game theory used in an argument for relaxing gun control. The argument goes something like this: If someone breaks into your home then they can either be armed or unarmed, you can also be either armed or … Continue reading
Introduction to Game Theory – Prisoners’ Dilemma (Part 4)
The first three parts of this post have introduced the Prisoners’ Dilemma (Part one), given some real examples (Part two), and looked at what happens in reality (Part three). Each of those posts has looked at a single game of … Continue reading
Posted in Game theory, Introduction Tagged game theory, introduction, prisoners' dilemma, repeated game Comments Off
Why Brits don’t save for their pensions but Malaysians do
Only 39% of people in the UK are saving for their retirement, this compares to 84% in Malaysia. Why do so few people in the UK save for their future? Imagine a wealthy, powerful individual – let’s call him David … Continue reading
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