Mental Model: Game Theory
From Game Theory, by Morton Davis: The theory of games is a theory of decision making. It considers how one should make decisions and to a lesser extent, how one does make them. You make a number of …
Avinash Dixit
Mental Model: Prisoners’ Dilemma
The prisoners’ dilemma is the best known strategy game in social science. The game shows why two entities might not cooperate even when it appears in their best (rational) interest to do so. …