Thu, 28 August 2014
Michael Covel welcomes Robert Aumann the fourth individual that has received a Nobel Prize in economics to appear on his podcast. Covel and Aumann discuss conflict and cooperation through game theory analysis; Aumann has a very interesting way of looking at the world via his game theory perspective. Aumann and Covel talk about his first experience meeting John Nash and Aumann’s early background; what game theory is trying to accomplish; the economic definition of rationality; the idea of a strategy matrix; the world champions of peace and the best way to maintain peace; the 2008-09 bailouts from Aumann’s perspective and a game theory outlook; behavioral economics; game theory, diplomats, and the Cuban Missile Crisis; the existence of nuclear weapons and the Cold War. Want a free trend following DVD? Go to trendfollowing.com/win.