Tag: Game Theory
The Pirate Game, and Why Society Needs “Madmen”
I took a game theory course in college. One of the classic problems in it is the pirate game. Five pirates — call them A through E, oldest to youngest — divide a hundred gold coins. The most senior proposes a split, everyone votes, and a majority …
I took a game theory course in college. One of the classic problems in it is the pirate game. Five pirates — call them A through E, oldest to youngest — divide a hundred gold coins. The most senior proposes a split, everyone votes, and a majority …