Are theories that are predicated on homo economicus extinct? Parkes and Wellman argue that rational models of economics can be applied to artificial intelligence and discuss the future of machina economicus.
As intelligent machine systems become more capable, some claim that our world becomes more efficient and consequently richer. But in many ways, this is just as much a new frontier for ethics and risk assessment as it is for emerging technology.
A study of a set of Nash equilibria in a classical one-dimensional election game with two candidates. They are interested in power and ideology, but the weights on these motives may vary. The paper uncovers the existence of two new equilibrium configurations.
There are conditions when it is rational to be ambiguous, and conditions when it pays to be confrontational. Trump combined ambiguity with confrontation, drawing out opponents on a battlefield on which he thought he could win. And he did.
Game Theory and Market Design (video)
In 2012 Alvin Roth and Lloyd Shapley won the Nobel Memorial Prize in Economic Sciences for the theory of stable allocations and the practice of market design. This video is from a 2016 NBER lecture. Click here for the slides.