game theory

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19 05, 2017

A Real Case of Prisoner’s Dilemma

By | 2017-05-13T07:39:55+00:00 May 19th, 2017|Actual Mediations|0 Comments

One of the first things I Iearned about in game theory was the prisoner’s dilemma. As explained in Wikipedia, this theory was developed in 1950 by Merrill Flood and Melvin Dresher while working at the RAND corporation. It explains why two rational beings may not cooperate even though it is in their best interests to [...]

3 07, 2015

IT’S A GOOD THING WE DIDN’T SETTLE!

By | 2015-07-18T05:23:19+00:00 July 3rd, 2015|Odd stuff|0 Comments

Happy July 4th! I hope each of you and your families enjoy the holiday! As I am in the business of conflict resolution or resolving disputes, I got to thinking about the back story behind  July 4th. After all, it was a dispute that got settled by guns and warfare and not by a conflict [...]

29 05, 2015

COMPETITION → COOPERATION

By | 2017-05-13T07:45:31+00:00 May 29th, 2015|Negotiation Strategy, Research|0 Comments

  ( John Nash died  on May 23, 2015 in an automobile accident. He was a mathematician who won the Nobel Prize for his  Nash equilibrium.  While, initially,  one  may think that such a theory has nothing to do with resolving disputes, to the contrary, it has everything to do with negotiation and mediation. I first posted this [...]

28 10, 2011

Deciphering Life Via Game Theory

By | 2017-05-13T07:37:18+00:00 October 28th, 2011|Research|Comments Off on Deciphering Life Via Game Theory

In its latest Technology Quarterly section, The Economist published an article entitled "Game Theory In Practice" (September 3, 2011) in which it explores using "game theory" to forecast political and economic events and to resolve disputes. It seems that Bruce Bueno de Mesquita, an academic at New York University, has used game theory to accurately [...]