ECN 340 Lecture Notes - Thomas Schelling, Mass Hysteria
8 Feb 2013
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A false impression of weakness or strength. Thomas schelling in strategic interactions where would you meet in toronto if you had no contact with someone ( lack of communication basing on assumptions){ direct hotline to. Game theory and self-command in smoking two types of people one who desperately wants to smoke and one who feels as it"s bad. Throw away the cigarettes, but then goes out and buys a new one. Everyone has a strategy rewards to oneself for not smoking. Addiction is entirely rational becker and murphy, people calculate( a herion addict is ony different in a degree as to a individual addicted to coffee) People taking heroin do not thing that they will be the ones getting hooked. Why drive in a car if you could get killed?= rationality. Rational addicts respond to price changes before they even happen. A fat women ordering food online attempted by cake at the grocery store.
