Archive for March, 2008

Winning a “Beauty Contest,” Or How My Game Theory Professor Gambled $250 Teaching a Lesson

Tuesday, March 18th, 2008

Every Tuesday is a Game Theory article at Mind Your Decisions. Using game theory is like playing high stakes poker. You can predict the right moves, but you can still get burned by surprises. Game theorists often gamble more than just academic integrity and pride. In one very memorable lecture, my ...

Every Story Has Two Sides

Friday, March 14th, 2008

This is the third article in the Mind Your Decisions “week of skepticism.” See the older articles on buying used products and self-serving financial advice. Today I merely reflect on how humbling it can be to be wrong. In Africa, two men stand at a river that they are about to cross ...