May 28 2007

Irrational behavior leads to larger rewards

Scientific American: The Traveler’s Dilemma

A student sent me the above article. It’s late, and tomorrow I only have one class, so I think I’ll have to tackle this one in the morning! I can already tell this is going to be a good one to use in AP when we study Game Theory, dominant strategy and Nash Equilibrium. Can’t wait to read it!

Powered by ScribeFire.


About the author:  Jason Welker is a teacher at Zurich International School in Switzerland, where he teaches Advanced Placement and International Baccalaureate Economics. In addition to maintaining numerous online resources for economics student and educators, Jason developed the online version of the IB Economics course for Virtual High School and is currently authoring a textbook for IB Economics students for Pearson Baccalaureate which will be available in Spring of 2011. His economics student wiki won the 2007 "Best Educational Wiki" award from the "EduBlog Awards".


Related posts:

  1. The “delicate balance of terror”: How game theory can be used to predict firm behavior (oh, and save the human race from utter annihilation)
  2. Understanding Oligopoly Behavior – a Game Theory overview
  3. Golden Balls: Game Theory, the Prisoner’s Dilemma, and the cold rationality of human behavior!

No responses yet

Trackback URI | Comments RSS

Leave a Reply