If using reason makes you worse off, is it rational?
In a repeated game with a payout structure akin to the classic prisoner's dilemna, truly rational players will choose to confess. Yet irrational players will refuse to confess and be better off.
If it makes you better off, isn't it rational?
Labels: game theory, paradox, reason
posted by Ryan Petersen @ 7:21 PM
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I just completed my MBA at Columbia Business School in New York City this Spring. Recently the blog has been focused on investing and doing business in Africa. I started it, however, when I got sick of mass e-mailing friends and family everytime something weird happened during the two years I worked in China. Check the archives and multimedia galleries (below) to find lots of great stories, pictures, and videos from travels in the U.S., China, Vietnam, Thailand, Japan, Kenya and other parts of the world.
