February 2013
Beginner
136 pages
3h 4m
English
Content preview from Game Theory
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The catch phrase “nothing human is alien” was coined by some South European rapscallion. This dangerous fallacy I shall illumine: To committees, nothing alien is human.
—Ogden Nash, “Period Period”
In many cases, the process of decision making either by necessity or by custom is done by a group of people as a whole. And in other cases, the production of a good or completion of some other project requires that it be done by a group of people who share the overall effort. Because the choices and behaviors of members of a group are inherently interrelated, game theory can shed some light on some of the problems and solutions related to working in committees or teams.
11.1 The Problem with Committees
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