Tuesday, March 31, 2009

Another Successful UCLA Graduate: Game Theory Translates into Great Poker Playing

I've been arguing that the Obama Administration needs to think through the game theoretic implications of some of its well meaning policies. Bank bailouts, auto bailouts, strategic subsidies will have a number of consequences on how for profit firms position themselves and make their investments. I don't believe that the smart Obama Team has an applied game theorist on the payroll? Last Week's New Yorker Magazine highlights what game theorists are doing given that they are not serving our country. Consider UCLA's Chris Ferguson .