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Climate Treaty Negotiators Are Taking the Wrong Approach, Say Game Theorists
An anonymous reader writes "Climate treaty negotiators would do well to have a little chat with some game theorists, according to this article. The fundamental approach they've been taking for the last several years is flawed, these researchers say, and they can prove it. From the article: 'The scientists gave members of a 10-member group their country’s “treasure”: a 20-euro national savings account, plus a fund for spending on emissions reductions that consisted of 10 black chips worth 10 cents apiece and 10 red chips worth one euro apiece. Each person could then contribute any number of these chips to a common pool. The contributed chips represented greenhouse gas reduction strategies that were relatively inexpensive (black) or expensive (red). Players could communicate freely about their plans for how many chips they intended to contribute.'"
Think about it... there can only be two kinds of people who behave according to "game theory":
-Economists
-Psychopaths
I'm planning on watching this BBC Documentary this weekend; it looks like the first segment discusses game theory.
lol, there is no factor of 5 to 10. There is a factor of 5, and there is a factor of 10. Huge difference between the two, which is it?
That would be funny if America actually manufactured and exported anything.