October 20, 2012

Bruce Glensky | Too much game theory

Wikipedia defines game theory as “the study of strategic decision making. More formally, it is the study of mathematical models of conflict and cooperation between intelligent rational decision-makers.” For those of us who are underwhelmed by the choice offered by either political party for president and believe that the 7 percent congressional approval rating is well deserved, the above definition fails to capture our political discourse. The public does not believe the participants meet the qualifications of intelligent, rational decision-makers. On no issue are these sentiments more evident than the forthcoming fiscal cliff.

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