keepsake
keepsake
keepsake
keepsake

Trying to make a dollar out of 15¢…

Here is a funny clip of two things:
1) a man showing you how to make $3.75 out of $1
2) a professor giving his students a quick (and costly) lesson on the game theory of political lobbying.

If you liked learning about “the prisoner’s dilemma” and other zero-sum thought experiments in school, you’ll love this example.

and finally here is link to the professor’s own words and explanation of this lesson.

H/T: Marginal Revolution

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November 7, 2009  Tags: , , ,   Posted in: Miscellaneous