Tag Archives: coordination game

When money becomes worthless

  This picture is of a billion Mark note from Germany in the early 1920s. In 1923 it wouldn’t even buy you a loaf of bread.     Printing Money Rudolf Havenstein was the president of the Reichsbank, the German national … Continue reading

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Harry Potter, Lord Voldemort and game theory

Harry Potter could have used game theory to defeat Lord Voldemort. No-one dared to even speak the name of Lord Voldemort, only calling him ‘He-who-must-not-be-named’, ‘You-know-who’ or ‘the Dark Lord’. In Harry Potter and the Deathly Hallows anyone speaking his … Continue reading

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Game theory of charitable giving

Charitable giving is difficult for traditional game theory to explain. Game theory assumes that everyone behaves rationally, so why would someone give money away to charity and get nothing back in return? But are they really getting nothing back? Surely … Continue reading

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