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In game theory, a focal point (also called Schelling point) is a solution that people will tend to use in the absence of communication, because it seems natural, special or relevant to them. ... Consider an example: two people unable to communicate with each other are each shown a panel of four squares and asked to select one; if and only if they both select the same one, they will each receive a prize. Three of the squares are blue and...
 philosophy Schelling point Schelling focal point game theory expectation
The researchers discovered in their study that the bacteria’s game theory decision making process is far more advanced than the well-known game theory problem known as the Prisoner's Dilemma. Scientists studying how bacteria under stress collectively weigh and initiate different survival strategies say they have gained new insights into how humans make strategic decisions that affect their health, wealth and the fate of others in...

2009-12-08

 bacteria complexity intelligence network game theory mathematics decision fractal economy politics speed time social
His main tool is game theory, which uses mathematics to predict what people will do in a situation where the outcome also depends on other people's decisions. "It's a fancy label for a pretty simple idea: that people do what they believe is in their best interest," says Bueno de Mesquita. ... His main tool is game theory, which uses mathematics to predict what people will do in a situation where the outcome also depends...

2010-03-17

 prediction fortune-telling future game politics game theory