Moral: Gas station attendants should study game theory.)
I suppose the meta-moral is that one should be wary of thought experiments based on idealized simplified scenarios.
As they say, in theory there is no difference between theory and practice. But in practice there is a big difference between theory and practice. Or, as the punchline goes in the old joke about the economist on a desert island: “Assume we have a can opener.”
I suppose the meta-moral is that one should be wary of thought experiments based on idealized simplified scenarios.
As they say, in theory there is no difference between theory and practice. But in practice there is a big difference between theory and practice. Or, as the punchline goes in the old joke about the economist on a desert island: “Assume we have a can opener.”