Want to tax corporations without scaring them off, outsmart a calculating kid, or get rid of the world's nuclear warheads? Think like a game theorist.
I want something from you. You want something from me. How will we act out those agendas in a strategic situation? Unravelling and understanding this scenario is how game theorists make a living. Economist Roger Myerson, who co-won the Nobel Prize for his foundational work on game theory, defines it as "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers," and while the theory was born in the field of economics, it by no means stayed there. Today, game theory can be applied to everything from biology and international relations, to interpersonal relations like friendship and parenting. Here, philosopher and game theorist Kevin Zollman applies the science of strategic thinking to three questions: how can a parent get a kid to clean their room, how can we reduce the number of nuclear warheads in the world, and most pertinently in America at this moment: how would a game theorist respond to the Trump administration's corporate tax cuts? Kevin Zollman and Paul Raeburn are the authors of
The first week of Donald Trump's Presidency features a flurry of activity and a flurry of warnings, like the resetting of the Doomsday Clock.
The first week of Trump’s Presidency was marked by an abundance of warnings amidst a flurry of executive orders that seemed designed to deliver on Trump’s campaign promises. The executive orders were often short on specifics and time will tell how many of the proposed policies are going to stick, but as has been the case so far - those hoping that somehow Trump will be tamed by the awesome power and responsibility of the office he now holds, are likely to be disappointed. In fact, the exact opposite is proving true - Trump is doubling down on even his most controversial policies. The wall is getting built, Muslims are getting banned, scientists are gagged.
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