11222010, 05:00 PM



Location: Texas
5,873 posts, read 7,316,395 times
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Quote:
Originally Posted by wilson1010
No serious game theory can be argued other than in mathematic terms. If it can't be reduced to mathematics, its just a political argument.
PS: Economics is not a science, it is a philosophy.

Agree in general, however, I don't agree that Economics is not a science. It is many things to many people based on view points. It is a social science, it is a scientific mathematical exercise, it is a behavioral science. And at the same time can be a philosophy as well as a means to a financial decision making process.
But I agree that in the end, game theory has to be reduced to a mathematical result, however even with a clear mathematical "winner", in game theory that is not always the winning choice.

11222010, 05:09 PM



10,135 posts, read 24,740,078 times
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Quote:
Originally Posted by txgolfer130
Agree in general, however, I don't agree that Economics is not a science. It is many things to many people based on view points. It is a social science, it is a scientific mathematical exercise, it is a behavioral science. And at the same time can be a philosophy as well as a means to a financial decision making process.
But I agree that in the end, game theory has to be reduced to a mathematical result, however even with a clear mathematical "winner", in game theory that is not always the winning choice.

In my greatly simplified world, a science is an exercise that can start with empirical data, proceed to a hypothesis, and end with a test of the hypothesis based on actual observation or measurement. A philosophy can be identified by the presence of rules which are not proven hypotheses. Mathematics is mostly entirely philosophy.

11232010, 02:30 AM



Location: Conejo Valley, CA
12,470 posts, read 18,214,253 times
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Quote:
Originally Posted by wilson1010
Everything you have posted above is political argument. Probably your primary objective anyway. Count me out.

What in the world are you talking about? To say it again, game theory is a branch of mathematics, how are you going to discuss it without using "mathematical terms"? You're not. My previous discuss was not about game theory, that should be blatantly obvious.

11232010, 06:05 AM



10,135 posts, read 24,740,078 times
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I hope you get some takers, but I kind of doubt it since you do not have a clue as to how to advance this topic. Go back to class, tell your Economics professor you tried but the people were too mean.
USER: Go to Great Debates and post there. You'll fit right in.

11232010, 07:59 AM



59,293 posts, read 46,352,704 times
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Quote:
Originally Posted by Jerksticks
I'm just getting into it. I'm from a Heyne background; disagree with the Keynesians. Anybody?
Mods: If there is an Economics area please move this there.

Game theory is merely a mapping a probabilities to desired outcomes or utilities. Hence, it varies according to each persons wants and desires.
So, it's pretty important to understand the *target* of the game (a single individual or a group or society), the stakes (small? large? These are relative to the audience), the real or perceived probabilities of events etc. etc. etc.
You don't even need math to have a game theory scenario...people that are completely uneducated and innumerate understand the concept.
Legal concepts aside, offer 10,000 US to a group of guys to swim across a river known to have large crocodiles. Each one will use game theory in their decision and will not break out their graphing calculators.
The SAW movies are full of game theory, reference those in your dissertation.

11232010, 05:08 PM



Location: Conejo Valley, CA
12,470 posts, read 18,214,253 times
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Quote:
Originally Posted by wilson1010
I hope you get some takers, but I kind of doubt it since you do not have a clue as to how to advance this topic. Go back to class, tell your Economics professor you tried but the people were too mean.

Are you even trying to make sense?

11232010, 10:17 PM



2,038 posts, read 3,898,038 times
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User_id + Wilson1010 (hashing out game theory) = zero sum game
time

11242010, 08:01 AM



59,293 posts, read 46,352,704 times
Reputation: 36781


Quote:
Originally Posted by txgolfer130
Agree in general, however, I don't agree that Economics is not a science. It is many things to many people based on view points. It is a social science, it is a scientific mathematical exercise, it is a behavioral science. And at the same time can be a philosophy as well as a means to a financial decision making process.
But I agree that in the end, game theory has to be reduced to a mathematical result, however even with a clear mathematical "winner", in game theory that is not always the winning choice.

I actually disagree that game theory can be expressed mathematically. Some of it can, some of it cannot. Some of the consequences or rewards of "game theory" aren't even physical.
Heck "dating" could easily be considered a form of game theory.

11242010, 08:49 PM



Location: Conejo Valley, CA
12,470 posts, read 18,214,253 times
Reputation: 4343


Quote:
Originally Posted by Mathguy
I actually disagree that game theory can be expressed mathematically. Some of it can, some of it cannot. Some of the consequences or rewards of "game theory" aren't even physical.

So what? Almost everything in mathematics is not "physical", last time I checked there are no topological spaces, vector spaces, 50Dimensional spaces, etc floating around somewhere.
Game theory is a branch of mathematics, all of it can be expressed mathematically, because its ahem...mathematics.

11252010, 06:27 PM



59,293 posts, read 46,352,704 times
Reputation: 36781


Quote:
Originally Posted by user_id
So what? Almost everything in mathematics is not "physical", last time I checked there are no topological spaces, vector spaces, 50Dimensional spaces, etc floating around somewhere.
Game theory is a branch of mathematics, all of it can be expressed mathematically, because its ahem...mathematics.

So what? Well....there were those in this thread saying it could be expressed...
Thankyou for learning me about all that hard mathy stuff.

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