Re: game theory

[dsquared@xxxxxxxxxxxxxxxx]

Barkley Rosser has a very very good paper indeed on
this subject:

http://cob.jmu.edu/rosserjb/MetroRevised%20LBS2.doc

WHen I grow up I want to be like Barkley.

dd


On Mon, 17 May 2004 13:43:30 -0700, Michael Perelman
wrote:

>
> from Williamson:
>
> Oskar Morgenstern tells a wonderful story that
> illustrates how such second-guessing
> can make the price system go haywire:
>   ##Sherlock Holmes, pursued by his opponent,
> Moriarity, leaves Londonor the
> intellectually weaker of the two would have
surrendered
> to the other in Victoria
> Station, since the whole flight would have become
> unnecessary.  (Morgenstern 1935,
> pp. 173-4)
>   Morgenstern continued, "Always .there is exhibited
an
> endless chain of reciprocally
> conjectural reactions and counter-reactions.  This
> chain can never be broken."
> (Morgenstern 1935, p. 174).