Game theoretic models of behaviour

This article in latest issue of The Economist is an interesting summary of what has come to be possible using computational tools based on game theory. Although I was already aware of some of the famous examples such as FTC spectrum auctions, I am impressed by the suggestion that these tools are finally breaking out into the real world and consulting companies are deploying them more broadly. I wouldn’t be surprised if I were to encounter some version of the ‘negotiation assistant’ online, in the near future.

Meanwhile, for a more visual description of some of these ideas, see this video clip (thanks to my student, Behzad Tabibian, for pointing me to it):

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