Thursday, October 9, 2008

Bidding

I deepened my understanding of Game Theory tonight during the old Mission Impossible TV show we were watching. Various representatives from various governments were bidding on a nuclear bomb. I realized that someone bidding in order to prevent others from getting the bomb (the MT team) would make sure they had vastly more money than someone else who was bidding in order to process the bomb for their own purposes. The MI team would need to make sure they could out-bid anyone. The other person would have money based on a perceived value worth equation.