Economic Thinkers

What an Economist Might Say to a Goalkeeper

stock market activity and World Cup
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Comments (1)
  1. Rick Shapiro says:

    This problem is more like rock, paper scissors than like prisoner’s dilemma or like any game in which a minimax regression from future outcomes can be used to determine an optimum choice. As in rock, paper scissors, there is no strategy which improves on random choice. Unfortunately, humans are extremely bad at simulating a random sequence; so it might pay to get secret signals from a coach with a random number generator.

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