For the Libertarian Economists, a Public Service Announcement

by Posted on

Behold, a nice little discussion on Game Theory and Economics, one of especial note to those following Libertarian models of how agents in economies most efficiently work.

The Traveler’s Dilemma
When playing this simple game, people consistently reject the rational choice. In fact, by acting illogically, they end up reaping a larger reward–an outcome that demands a new kind of for mal reasoning
By Kaushik Basu

Published by M R. X. Dentith

Author of "The Philosophy of Conspiracy Theories" (Palgrave Macmillan), M wrote their PhD on epistemic issues surrounding belief in conspiracy theories. They are a frequent media commentator on the weird and the wonderful, both locally and internationally. On occasion they can be caught dreaming about wax lions but, mostly, it is rumoured they work for elements of the New World Order.