Reply to By the numbers: A dispassioned evaluation of Hardy (compared to Deal and Wilson)

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Reply to "By the numbers: A dispassioned evaluation of Hardy (compared to Deal and Wilson)"

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[quote=Anonymous][quote=Anonymous]

You're responding to my post. What you seem to be saying is that real life is more complicated than a 2-player model. Well, yes, can't argue with you there. But it's common to start with a simple model and then make our best effort to relax assumptions and add complexity. It's reasonable for me to debate with OP which of several competing game theory models might best apply to a given real life situation. It's not the end of the conversation, but it's a reasonable beginning. And as you may know, the debate over PD and stag hunt is a tricky one in general. 
[/quote]

I am have not studied modern behavioral econ, my training is further back than that.  However in my experience economists very often present models with simplifying assumptions, acknowledge that they are simplifying assumptions, and then leap into details and mathematical complexity that are meaningless once you relax a key, obvious, unrealistic assumption. The promised relaxation gets lost.

I see that happening here. I am skeptical that debate about which 2 player model is the better fit has any real bearing on this situation which is a multiplayer reality (and not only among the IB family decision makers, but also OOB families, Hardy Admin, and DCPS admin, none of whom are completely exogenous)

I think the two player models serve to give us a way of thinking about things, and for that reason are useful. I do not think debating which is closer to reality is useful. I think a discussion of the real heterogeneity, and how that maps to potential and likely shifts in demographics is more useful.   [/quote]

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