Sublime
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The take-home message from Schelling’s story—that incentives sometimes backfire—is familiar to psychologists.
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
What The Prisoner's Dilemma Reveals About Life, The Universe, and Everything
youtube.comThomas Schelling in his wonderful essay “The Life You Save May Be Your Own.”
Richard H. Thaler • Misbehaving: The Making of Behavioral Economics
Professor Howard Raiffa’s maximum bid of others (or MBOO, pronounced “maboo”) analysis, which captures the fundamental trade-off in graphical form.
Guhan Subramanian • Dealmaking: The New Strategy of Negotiauctions (Second Edition)
Game theory can explain these outcomes. While the best outcome for everyone would be to cool the spiral, for any individual actor in the game the personal best outcome is to demand a price rise as the environment allows them to make this demand, and this leaves everyone worse off in the end.
Count Draghula • On the Brink of Fatal Policy Error
There frankly is a hell of a lot of value in the game theory and economics literature.