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Re: game theory



Michael Perelman wrote:

Oskar Morgenstern tells a wonderful story that illustrates how such
second-guessing
can make the price system go haywire:

Freud recounts an old Jewish joke in, I think, his book on jokes. The gist of it is that one guy runs into another in the Warsaw railroad station and says, "Why did you tell me you were going to Cracow the other day when you were really going to Cracow?"

Maybe Ted can straighten it out for me.

Doug



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