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Game theory, however, deals only with the way in which ultrasmart, all knowing people should behave in competitive situations, and has little to say to Mr. X as he confronts the morass of his problem.
Howard Raiffa
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It's worth repeating here, though, because we are talking about mechanisms for resolving conflict and many people don't realize it's impossible to devise a foolproof scheme.
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Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.
Howard Raiffa
Quote of the day
A good question is never answered. It is not a bolt to be tightened into place but a seed to be planted and to bear more seed toward the hope of greening the landscape of idea.
John Ciardi
Howard Raiffa
Born:
1924
Died:
July 8, 2016
(aged 92)
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