According to a new study, 90% of people fall into one of four categories: optimists, pessimists, trusting or envious. Which one are you?
Even though you shouldn’t care about helping your third cousin from Wisconsin, chances have it you’ll do. Now, there’s a new game theory model that explains why this happens.
Here’s a question: what’s the difference between actor Sean Penn and the charitable Mother Theresa? Bear with me for a second. Here’s a bit of context: following the onslaught left by Hurricane Katrina, Penn hurried to New Orleans to aid victims. Allegedly has has personally saved 40 people. Today, however, he’s scorned and mocked of because he also brought a camera crew and publicist along for the ride to document his humanitarian effort. Both Mother Theresa and Sean Penn have engaged in what can be described as humanitarian aid, yet one’s seen as a saint, while the other is made fun of. The key difference is motivation and now game theory may finally be able to account for it.
With new insights derived from Game Theory, University of Pennsylvania biologists offer a mathematically based explanation for why cooperation and generosity have evolved in nature. Their work relied on the work of John Nash, who proposed the famous Nash equilibrium and advanced Game Theory in the 1950, as well as those of computational biologist William Press and physicist-mathematician Freeman Dyson,
The prisoner’s dilemma is one of the most famous paradigms and at the same time one of the most discussed case studies in both economics and psychology introductory classes. Basically, two prisoners are each isolated from one another and are presented with two choices: either they turn the other in (sabotage) or remain silent (cooperate). Now, from here on it
There’s an age long question that even some of history’s greatest free thinkers, philosophers and theologists haven’t been able to answer – are humans good in nature? Many have tried to seek answers to this riddling puzzle, and for many the conclusion was a gloomy one – that man is simply doomed to stray the world in selfish agony or
Just like many categories of people, I’ve recently been (insistently) offered a free flu shot. I said no. Without going into the reasons that determined me to do this, let’s look at what would determine the average bacteria to do the same thing, at least according to Tel Aviv University bacteria expert Prof. Eshel Ben-Jacob. Bacteria have inhabited this planet