Why study Game theory when it has limited practical applications in real life?
I was just amazed to read this interview of Ariel Rubinstein. Someone who is so famous for his game theory work actually feels it does not really have much practical usage. He actually encourages people to write a book which shows limitations of game theory! He also talks about why so many Israelis take up game theory (because of Aumann effect) etc.
I was so surprised to read the interview that had to re-read it many times to be sure whether I have not read it wrong ..
He starts by saying much of game theory is based on the typical econ assumption of rationality. So you feel as if he will tell you the new ideas emerging etc in GT. However what you get instead is this:
Nenhum comentário:
Postar um comentário