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The application of game theory to political science is focused in the overlapping areas of fair division, political economy, public choice, war bargaining, positive political theory, and social choice theory. In each of these areas, researchers have developed game-theoretic models in which the players are often voters, states, special interest ...
The ludic fallacy, proposed by Nassim Nicholas Taleb in his book The Black Swan , is "the misuse of games to model real-life situations". [1] Taleb explains the fallacy as "basing studies of chance on the narrow world of games and dice". [2] The adjective ludic originates from the Latin noun ludus, meaning "play, game, sport, pastime". [3]
The word theory in "the theory of evolution" does not imply scientific doubt regarding its validity; the concepts of theory and hypothesis have specific meanings in a scientific context. While theory in colloquial usage may denote a hunch or conjecture, a scientific theory is a set of principles that explains an observable phenomenon in natural ...
If a fair coin lands on heads 10 times in a row, the belief that it is "due to the number of times it had previously landed on tails" is incorrect. [61] Inverse gambler's fallacy – the inverse of the gambler's fallacy. It is the incorrect belief that on the basis of an unlikely outcome, the process must have happened many times before.
Using a variety of computer-animated faces, researchers from the University of Minnesota have done their best to isolate the traits of a winning smile. At first glance, this may seem like a ...
Since it is absurd to have no logical method for settling on one hypothesis amongst an infinite number of equally data-compliant hypotheses, we should choose the simplest theory: "Either science is irrational [in the way it judges theories and predictions probable] or the principle of simplicity is a fundamental synthetic a priori truth."
McDonald's never confirmed the theory, saying in a statement to TODAY.com at the time, "Whether he’s a taste bud, a milkshake or just your favorite purple blob — the best part about Grimace is ...
In addition to adding a special meal for the birthday blob to the menu, the company launched a video game in which Grimace travels around the world rounding up his pals to cut his birthday cake.