Category Archives: Game Theory

Tail wags dog (airport noise edition)

Posted in Bayesian Reasoning, Economics, Game Theory, Law, Politics, Property Rights, Questions Rarely Asked | 3 Comments

Legal probabilities

In this post, we build on the work of Dixit & McAdams (see our previous two posts) in order to create a general bargaining model of civil litigation. Let’s consider a civil case for our model. Specifically, let’s assume the case has … Continue reading

Posted in Economics, Game Theory, Law | 2 Comments

Politics as Nash bargaining

In our previous post, we presented this beautiful essay by Avinash Dixit and David McAdams, who use game theory to analyze the year-long political impasse over the U.S. Supreme Court. We now wish to say a few more words about … Continue reading

Posted in Economics, Game Theory, Law, Politics | Leave a comment

Game Theory 101 (Scalia’s replacement edition)

Check out this excellent essay in the Harvard Business Review in which two academic economists, Avinash Dixit and David McAdams, use game theory to analyze the year-long political impasse over the U.S. Supreme Court. Game theory is a branch of … Continue reading

Posted in Bayesian Reasoning, Economics, Game Theory, Law, Politics | 1 Comment

How are big box stores like Wells Fargo?

Lots of big box retailers like Walmart and Home Depot are ramping up their use of self-scanners in order to reduce their labor costs. That is, instead of waiting in a long line to have a cashier ring up your purchases, you can save … Continue reading

Posted in Bayesian Reasoning, Deception, Ethics, Game Theory, Law, Probability, Web/Tech | 5 Comments

Prisoner’s dilemma everywhere: weekend email from your boss edition

As our friends and fellow “forty-something” bloggers at Cheap Talk like to point out, prisoner dilemmas are everywhere. Suppose you are a junior manager at a large Fortune 500 corporation or a junior attorney/accountant at a firm. Your boss sends … Continue reading

Posted in Cooperation, Deception, Economics, Game Theory | Leave a comment

Game theory: the way forward? (part 3 of 3)

In our previous two posts, we identified a blind spot in the work of John Rawls and Bob Nozick: the problem of betrayal–what game theorists call “defection.” In brief, Rawls’s original agreement might embody timeless principles of justice, and Nozick’s … Continue reading

Posted in Cooperation, Game Theory, Law, Philosophy | Leave a comment