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 [Read More]
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 [Read More]
( 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 [Read More]
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 [Read More]
