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| Agent Matt | Posted: Jul 22, 2010 - 09:59 |
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 Genuine American Monster Level: 70 CS Original | Game Theory is still taught? Why? It was invented by an un-medicated schizophrenic. | |||||
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| Kaiser Falkner | Posted: Jul 22, 2010 - 10:04 |
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 HAIL HYDRA Level: 6 CS Original | Game Theory is actually a little older than John Nash, but its still taught because economics can't handle the idea of an irrational consumer market. It's also used in Realist International Relations theory as a way to predict state behavior. It works in vacuum scenarios, and so its great for bulding models. Of course, when applied the model has to be thrown out. | |||||
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| Agent Matt | Posted: Jul 22, 2010 - 10:08 |
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Genuine American Monster Level: 70 CS Original | If the scenarios only work in a vacuum, and the models must be thrown out before application, what's the point? Seems like snake oil to me. Am I wrong in this assessment? | |||||
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| Kaiser Falkner | Posted: Jul 22, 2010 - 10:12 |
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HAIL HYDRA Level: 6 CS Original | There are some applications of it, and places where it does work. The models are good rough sketches of what should be set up, but they almost always demand serious revision. When we have to deal with the outcomes of human behavior (or state behavior) Game Theory is a pretty good way to put us in the right ball park, but it always demands a much more personalized analysis afterwards. I mean, Game Theory isn't flat out wrong, its just not the most precise tool. | |||||
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| Agent Matt | Posted: Jul 22, 2010 - 10:13 |
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Genuine American Monster Level: 70 CS Original | What are the appropriate applications of Game Theory vs inappropriate applications? Clearly Adam Curtis has given me an incorrect bias. By all means, please correct it. | |||||
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| Agent Matt | Posted: Jul 22, 2010 - 10:19 |
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Genuine American Monster Level: 70 CS Original | Please continue this discussion here: | |||||
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| Kaiser Falkner | Posted: Jul 22, 2010 - 10:20 |
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HAIL HYDRA Level: 6 CS Original | ||||||
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| Agent Matt | Posted: Jul 22, 2010 - 10:20 |
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Genuine American Monster Level: 70 CS Original | OMG REPOST IN CORRECT THREAD OMG OMG OMG OMG | |||||
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