Imagine participating in a 1930's beauty contest or the 2/3rds average game. John Maynard Keynes used these as analogies to show how humans operate on different levels. From Sherlock's dilemma to game theory, we see that humans are not completely rational. Game theory might not always predict human behavior accurately, as demonstrated by the beauty contest and the 2/3rds average game.
SwiftlyStated:
/ @swiftlystated.
24 сен 2024
