The very principles of game theory are based on ideas of logic and rationality that were outdated in the 19th century, let alone now. It's really not my fault that they choose to ignore decades of progress in cognitive science. There is a reason they say game theory can only predict the actions of game theorists and psychopaths.
I will admit that game theory has some very powerful tools of analysis and it is a good starting point but every time I have ever heard someone use game theory to look at something they have been like "Game theory says this- so it must be right- if you don't agree with us you are wrong" so I feel no desire to stand up for them.
I could study the field in depth to present withering academic treatise against them but the bits I have done leave me completely unimpressed and in no desire to do more than I have to.
I will say, that with greater increase in computing power they could perhaps get away from some of the more ridiculous assumptions that are usually made in their simulationsat present but we'll see.
Edit: Also, I dislike the fact that actions are considered irrational if they don't start out with the value judgements of a serial killer.
Last edited by Professor Smarmiarty; 04-01-2010 at 04:57 AM.
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