Sunday, June 25, 2017 Text is available under the CC BY-SA 3.0 licence.

Robert Aumann

German/American mathematician, Professor at the Department of Economics and the School of Public Policy at the University of Maryland, who won the 2005 Nobel Prize in Economics.
Page 1 of 1
Robert Aumann
The strong equilibrium point f just described is one of "unrelenting ferocity" against offenders. It exhibits a zeal for meting out justice that is entirely oblivious to the sometimes dire consequences to oneself or to the other faitheful——i.e., those who have not deviated.
Aumann quotes
In many real-world situations, cooperation may be easier to sustain in a long-term relationship than in a single encounter. Analyses of short-run games are, thus, often too restrictive. Robert Aumann was the first to conduct a full-fledged formal analysis of so-called infinitely repeated games. His research identified exactly what outcomes can be upheld over time in long-run relations.
War has been with us ever since the dawn of civilization. Nothing has been more constant in history than war.

Aumann Robert quotes
"Interactive Decision Theory" would perhaps be a more descriptive name for the discipline usually called Game Theory.
Aumann Robert
Repetition acts as an enforcement mechanism: It makes cooperation achievable when it is not achievable in the one-shot game, even when one replaces strategic equilibrium as the criterion for achievability by the more stringent requirement of perfect equilibrium.
Robert Aumann quotes
I think game theory creates ideas that are important in solving and approaching conflict in general.
Robert Aumann
The players in a game are said to be in strategic equilibrium (or simply equilibrium) when their play is mutually optimal: when the actions and plans of each player are rational in the given strategic environment – i.e., when each knows the actions and plans of the others.
Page 1 of 1

© 2009–2013Quotes Privacy Policy | Contact