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Seinfeld Economics: The Soul Mate

by Linda Ghent

Game theory attempts to mathematically capture behavior in strategic situations, or games, in which an individual's success in making choices depends on the choices of others. Game theory has been used to study a wide variety of human and animal behaviors. It was initially developed in economics to understand a large collection of economic behaviors, including behaviors of firms, markets, and consumers. The use of game theory in the social sciences has expanded, and game theory has been applied to political, sociological, and psychological behaviors as well.

A commitment device is a way of changing incentives so as to make otherwise empty threats or promises credible. 

 

Seinfeld: The Soul Mate

Elaine questions whether her boyfriend really means it when he says he doesn't want children until he has a vasectomy.

from Seinfeld, Season 8 (1996)
Creator: Larry David & Jerry Seinfeld
Posted by Linda Ghent
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