http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/ Articles on game theory and personal finance Thu, 17 May 2012 07:10:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/comment-page-1/#comment-8978 Winning a “Beauty Contest,” Or How My Professor Gambled $250 Teaching a Lesson in Game Theory - Mind Your Decisions Wed, 10 Aug 2011 04:19:28 +0000 http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/#comment-8978 [...] inferior to something else, and hence is known as a dominated strategy. (For an example, see this article about a dominated strategy in real [...] [...] inferior to something else, and hence is known as a dominated strategy. (For an example, see this article about a dominated strategy in real [...]

]]> http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/comment-page-1/#comment-6568 The Price is Right Lucky Seven game – a good example of dominated strategies - Mind Your Decisions Wed, 12 May 2010 08:59:47 +0000 http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/#comment-6568 [...] argument shows that 1 and 2 are dominated strategies. Regardless of your beliefs, there is simply no way to justify them. It is always better to guess 3 [...] [...] argument shows that 1 and 2 are dominated strategies. Regardless of your beliefs, there is simply no way to justify them. It is always better to guess 3 [...]

]]> http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/comment-page-1/#comment-193 Presh Tue, 11 Sep 2007 18:58:37 +0000 http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/#comment-193 @Glenn: Fair enough. @Glenn: Fair enough.

]]> http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/comment-page-1/#comment-185 Glenn Tue, 11 Sep 2007 05:39:08 +0000 http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/#comment-185 Don't forget the utility derived from yelling at a white boy, and the steep discount rate that comes with it. Yelling in the heat of the moment can bring extreme pleasure. Yelling in a few minutes is less enjoyable. I'll give you weakly dominated at best. Don’t forget the utility derived from yelling at a white boy, and the steep discount rate that comes with it. Yelling in the heat of the moment can bring extreme pleasure. Yelling in a few minutes is less enjoyable. I’ll give you weakly dominated at best.

]]> http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/comment-page-1/#comment-133 Joon Thu, 06 Sep 2007 20:34:01 +0000 http://mindyourdecisions.com/blog/2007/09/04/on-hailing-cabs-and-not-being-stupid/#comment-133 excellent clarification excellent clarification

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