http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/ Articles on game theory and personal finance Thu, 09 Feb 2012 18:20:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/comment-page-1/#comment-9577 Pay cuts or job layoffs–which one is better? - Mind Your Decisions Sun, 21 Aug 2011 00:27:49 +0000 http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/#comment-9577 [...] And finally, consider hiring an outside consultancy. Consulting firms are often hired to offer an independent evaluation. But they realize that happy clients are repeat clients, and they too are susceptible to adverse selection. Adverse selection means the company is likely to give the most biased data to the consultants who in turn will be influenced to draw a biased conclusion. The company gets what it wanted all along, and it can diffuse blame because it shed decision-making power. [...] [...] And finally, consider hiring an outside consultancy. Consulting firms are often hired to offer an independent evaluation. But they realize that happy clients are repeat clients, and they too are susceptible to adverse selection. Adverse selection means the company is likely to give the most biased data to the consultants who in turn will be influenced to draw a biased conclusion. The company gets what it wanted all along, and it can diffuse blame because it shed decision-making power. [...]

]]> http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/comment-page-1/#comment-8994 Why You Might Want to Burn Bridges - Mind Your Decisions Wed, 10 Aug 2011 04:52:32 +0000 http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/#comment-8994 [...] can paradoxically improve payoffs. I have previously discussed such examples in the context of airline food, the Illinois smoking ban, and in splitting restaurant [...] [...] can paradoxically improve payoffs. I have previously discussed such examples in the context of airline food, the Illinois smoking ban, and in splitting restaurant [...]

]]> http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/comment-page-1/#comment-8968 Dealing With an Auto Mechanic and the Principal-Agent Problem - Mind Your Decisions Wed, 10 Aug 2011 03:51:46 +0000 http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/#comment-8968 [...] By saying “It’s not my job,” the agents are getting a larger payoff by strategically limiting their options. [...] [...] By saying “It’s not my job,” the agents are getting a larger payoff by strategically limiting their options. [...]

]]> http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/comment-page-1/#comment-8835 The game theory of buying clothes, and why money tips are often short-lived - Mind Your Decisions Thu, 04 Aug 2011 05:30:54 +0000 http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/#comment-8835 [...] stores doing on a game theoretic level? They are using a tactic I earlier discussed about how to limit options to improve results. The stores are credibly showing they will not discount and this will punish [...] [...] stores doing on a game theoretic level? They are using a tactic I earlier discussed about how to limit options to improve results. The stores are credibly showing they will not discount and this will punish [...]

]]> http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/comment-page-1/#comment-1970 Sometimes It’s Fine to Burn Bridges : Brazen Careerist Tue, 17 Jun 2008 11:06:03 +0000 http://mindyourdecisions.com/blog/2007/09/18/game-theory-tuesdays-why-do-some-people-get-the-cool-projects/#comment-1970 [...] can paradoxically improve payoffs. I have previously discussed such examples in the context of airline food, the Illinois smoking ban, and in splitting restaurant [...] [...] can paradoxically improve payoffs. I have previously discussed such examples in the context of airline food, the Illinois smoking ban, and in splitting restaurant [...]

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