Comments on: The Crummey trust and game theory: understanding the grim trigger strategy http://mindyourdecisions.com/blog/2008/09/23/the-crummey-trust-and-game-theory-understanding-the-grim-trigger-strategy/ Articles on game theory and personal finance Thu, 09 Feb 2012 18:20:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Excessive punishments and game theory - Mind Your Decisions http://mindyourdecisions.com/blog/2008/09/23/the-crummey-trust-and-game-theory-understanding-the-grim-trigger-strategy/comment-page-1/#comment-6392 Excessive punishments and game theory - Mind Your Decisions Mon, 15 Mar 2010 06:54:01 +0000 http://mindyourdecisions.com/blog/?p=722#comment-6392 [...] harsh punishment is the right move. I discussed this before in the context of the grim trigger strategy used in estate planning, specifically the Crummey [...] [...] harsh punishment is the right move. I discussed this before in the context of the grim trigger strategy used in estate planning, specifically the Crummey [...]

]]> By: Legalee http://mindyourdecisions.com/blog/2008/09/23/the-crummey-trust-and-game-theory-understanding-the-grim-trigger-strategy/comment-page-1/#comment-5662 Legalee Fri, 02 Oct 2009 18:11:29 +0000 http://mindyourdecisions.com/blog/?p=722#comment-5662 Our Crummy trust works great. For 25 years the children have understood and left the money alone. We saved a lot of taxes. However, when our duaghter married it was quite a feat to talk our son-in-law to leave the money alone. We had to use the grim trigger. Our Crummy trust works great. For 25 years the children have understood and left the money alone. We saved a lot of taxes. However, when our duaghter married it was quite a feat to talk our son-in-law to leave the money alone. We had to use the grim trigger.

]]> By: Sujatha http://mindyourdecisions.com/blog/2008/09/23/the-crummey-trust-and-game-theory-understanding-the-grim-trigger-strategy/comment-page-1/#comment-2740 Sujatha Mon, 29 Sep 2008 10:07:12 +0000 http://mindyourdecisions.com/blog/?p=722#comment-2740 Very useful article. Since, I'm a parent, I'm familiar with the grim trigger strategy (though I didn't know the name), but the Crumney trust part was very informative. Very useful article. Since, I’m a parent, I’m familiar with the grim trigger strategy (though I didn’t know the name), but the Crumney trust part was very informative.

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/09/23/the-crummey-trust-and-game-theory-understanding-the-grim-trigger-strategy/comment-page-1/#comment-2720 Presh Talwalkar Fri, 26 Sep 2008 04:38:22 +0000 http://mindyourdecisions.com/blog/?p=722#comment-2720 <b><em>Mgccl</b></em>: Funny how your dad's strategy affected how other people act--this is the essence of game theory... <b><em>Mahesh</b></em>: This is a nice point. Businesses respond to how people would normally act. I find companies are frightened of losing profitable, lifelong customers so they take pre-emptive steps like improving customer service. Mgccl:
Funny how your dad’s strategy affected how other people act–this is the essence of game theory…

Mahesh:
This is a nice point. Businesses respond to how people would normally act. I find companies are frightened of losing profitable, lifelong customers so they take pre-emptive steps like improving customer service.

]]> By: Mahesh http://mindyourdecisions.com/blog/2008/09/23/the-crummey-trust-and-game-theory-understanding-the-grim-trigger-strategy/comment-page-1/#comment-2710 Mahesh Thu, 25 Sep 2008 02:41:51 +0000 http://mindyourdecisions.com/blog/?p=722#comment-2710 The grim trigger strategy is used subtly by folks in business. Let us say you mess you up once, that memory is used to eliminate you or your products and services as a choice. This has implications in choice theory. People making decisions for better or worse use it like in the case of not buying a company that misses it earnings guidance once for ever. The grim trigger strategy is used subtly by folks in business. Let us say you mess you up once, that memory is used to eliminate you or your products and services as a choice. This has implications in choice theory. People making decisions for better or worse use it like in the case of not buying a company that misses it earnings guidance once for ever.

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