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Published: Jul 29 , 2014
Author: Mark Simpson

The media has discovered that Council-controlled Auckland Transport is using special shuttles to move staff around Auckland; apparently because it’s faster than the public transport they provide for the rest of us. When challenged, Auckland Transport shot themselves in the foot and provided us with a beautiful example of argument dilution...

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The Ultimate Game Theory Strategy

‘The Prisoners’ Dilemma’ is a popular game theory example involving a two-person game of strategic interaction. One version is as follows. Two prisoners are accused of a crime. If one confesses and the other does not, the one who confesses will be released immediately and the other will spend 20 years in prison. If neither confesses, each will be held for only a few months. If both confess, they each spend 15 years in prison. This creates a paradox in decision analysis in which two individuals acting in their own self-interest do not produce the optimal outcome...

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