evolution, game theory, and the morality of modern human beings

It’s valuable to model the development of phenomena like altruism and spite (harming someone else at a cost to oneself) by combining game theory with evolutionary theory. The results should be seen as predictions to be tested against empirical evidence about actual organisms. My question is what this combination tells us about our situation as human beings […]

game theory and the fiscal cliff (ii)

In January, I wrote a post diagramming the negotiations between President Obama and the House Republicans in game-theory terms. I thought the result that actually occurred was highly predictable if one assumed that the situation was a one-off Prisoner’s Dilemma with two players (Obama and Boehner). But I raised two complications: the game might be […]

game theory and the fiscal cliff

I am not one of those who saw the recent fiscal cliff brinksmanship as a failure of courage or wisdom. I think the president and congressional leaders faced a classic game-theory dilemma that was difficult to solve. Wall Street brokers assume that politicians are strictly self-interested; they can’t understand why Washington didn’t just make a […]

game theory and the super PACs

Imagine that you lead a conservative super-PAC like American Crossroads, Restore Our Future, the Koch network, or the US Chamber of Commerce, which collectively planned to spend a $1 billion on this fall’s election. Of course, you must accommodate a bunch of separate and strong-willed donors, but I think these are the goals you will […]