For the Libertarian Economists, a Public Service Announcement
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