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[thepowerbroker]

So I'm waaaay late on this, but a quick thought on Katrina. It seems like the biggest danger now is that people will start to think that every storm will do that kind of damage. We've already seen small-scale evidence of why that's a bad thing - all of the deaths from Rita were people attempting to evacuate. On a larger scale, money and effort

Comments

[poogus]

What did he do to win the Nobel prize?

You must explain the reasons for the hurricane stuff in talking.

[thepowerbroker]

Against the backdrop of the nuclear arms race in the late 1950s, Thomas Schelling's book The Strategy of Conflict set forth his vision of game theory as a unifying framework for the social sciences. Schelling showed that a party can strengthen its position by overtly worsening its own options, that the capability to retaliate can be more useful than the ability to resist an attack, and that uncertain retaliation is more credible and more efficient than certain retaliation. These insights have proven to be of great relevance for conflict resolution and efforts to avoid war.

Schelling's work prompted new developments in game theory and accelerated its use and application throughout the social sciences. Notably, his analysis of strategic commitments has explained a wide range of phenomena, from the competitive strategies of firms to the delegation of political decision power.