Sunil Thomas

“International cooperation on environmental protection is like the Roommate Game writ large. Each country prefers to remain passive while the others adopt costly abatement technologies to reduce CO2 emissions. A way out of this free-rider problem is to sign an international treaty”
― Ivan Pastine, Introducing Game Theory: A Graphic Guide

“The Nash equilibrium outcome in the nuclear arms race is not Pareto efficient because both countries would be better off if neither engaged in nuclear build-up. However, as Dresher and Flood argued, this couldn’t be an equilibrium. If the USA were to have stopped nuclear build-up, the USSR would have continued building its own arsenal to capture the “super-power” position. And it would not have been rational for the USA to stop nuclear build-up in the first place.”
― Ivan Pastine, Introducing Game Theory: A Graphic Guide

“One way out of the free-rider problem is to change the payoffs in the payoff matrix”
― Ivan Pastine, Introducing Game Theory: A Graphic Guide

“There is a Pareto improvement in the outcome of the Roommate Game due to moral values; players’ equilibrium payoffs go up from 10 to 14.”
― Ivan Pastine, Introducing Game Theory: A Graphic Guide