May 28 2007

Irrational behavior leads to larger rewards

Published by at 11:01 pm under Game Theory

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!

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About the author:  Jason Welker teaches International Baccalaureate and Advanced Placement Economics at Zurich International School in Switzerland. In addition to publishing various online resources for economics students and teachers, Jason developed the online version of the Economics course for the IB and is has authored two Economics textbooks: Pearson Baccalaureate’s Economics for the IB Diploma and REA’s AP Macroeconomics Crash Course. Jason is a native of the Pacific Northwest of the United States, and is a passionate adventurer, who considers himself a skier / mountain biker who teaches Economics in his free time. He and his wife keep a ski chalet in the mountains of Northern Idaho, which now that they live in the Swiss Alps gets far too little use. Read more posts by this author

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