Catégorie
Game Theory
2 articles
Two Honest People Who Fail to Close
A canteen, a market gardener, a deal that was there to be had — and no deal. A 1983 theorem states what no amount of traceability will ever fix.
Nobody Is Cheating — And That’s Exactly the Problem
John Nash, the prisoner’s dilemma and the stag hunt: why an entire food chain coordinates on price without a single one of its players behaving badly.