articles tagged: free market
the great recession vs. game theory
# politics

the great recession vs. game theory

Economic theory and reality keep colliding as the Great Recession unfolds, and Wall Street keeps pretending that the theory is winning.

it only looks irrational…
# science

it only looks irrational…

Game theory assumes that all humans are hyper-rational actors at all times. And that's exactly what undermines its use in the real world...