Can Game Theory Predict The Next President?Download Audio
Can Game Theory Predict The Next President?
For years I have been ignorantly fascinated by Game Theory. By that I mean I know there's this whole interesting study of strategy and decision making that would inform my understanding of a lot of things -- politics, business, psychology -- if I only knew more about it.
A lot of us practice game theory without ever knowing we're doing it. I think -- although I may be about to be corrected -- that when you wait for a moment at the supermarket, sizing up the various cashier lines before you decide which one to get into, you may be engaging in game theory. Or I may be, anyway. I really weigh certain factors and apply certain rules. Individual transactions -- e.g. the time it takes to pay -- take a lot longer than multiple items. Three people with five items each will take a lot longer than one person with 30 items.
One of the nation's leading game theory experts will break down biger stuff, like the election, on today's show.