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game theory

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Essays on game theory

27 essays

Book Review: Singer on Marx

Scott Alexander reviews Singer's book on Marx, finding Marx's ideas deeply flawed, particularly his refusal to plan for communist governance and his belief in infinitely malleable human nature.

21 min read 3,159 words

Game Theory As A Dark Art

Scott presents six game theory scenarios demonstrating how strategic thinking can force rational actors into seemingly irrational outcomes, ranging from theoretical examples like evil plutocrats and hostile takeovers to real-world applications like dollar auctions and the Golden Balls game show.

Imperfect Voting Systems

Scott explains why no perfect voting system exists, using examples to show how different voting procedures lead to different outcomes, and discusses mathematical proofs demonstrating that all reasonable voting systems must allow some tactical voting.

Bargaining and Auctions

Scott explains the economics of bargaining and auctions, showing how prices emerge from negotiations between buyers and sellers when both parties lack perfect information about supply and demand.

15 min read 2,248 words

Nash Equilibria and Schelling Points

Scott explains Nash equilibria (outcomes where no player regrets their strategy given the other's choice) and Schelling points (focal points that help coordinate between multiple equilibria), using examples ranging from meeting a partner to military strategy to show how these game theory concepts apply to real-world coordination problems.