Monday, November 12, 2012

Things that occur to you when studying economics...

Watching two cats get used to each other seems so familiar to me. There's all kinds of signalling and credible commitments. It's a repeated game where trust builds slowly but is lost quickly. And when they get really close and start acting friendly one of them puts together that he has a serious first-mover advantage.

1 comment:

  1. Someone who loves cats as much as you can't be all bad. :-)

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