Tag Archives: schelling

Game theory and segregation

Would you rather live is a neighborhood where everyone shares your skin color? Most people would say that they are not racist and would prefer to live in a mixed neighborhood. If this is the case then why are most … Continue reading

Posted in Game theory | Tagged , , , , | Comments Off on Game theory and segregation

Your business needs focal points to succeed

Thomas Schelling is a nobel prize winning economist who introduced the idea of focal points in 1960. A focal point is a strategy that players are likely to naturally choose. Schelling’s original example was two strangers trying to meet in … Continue reading

Posted in Game theory | Tagged , , , , | Comments Off on Your business needs focal points to succeed