Will the Iranian government develop an A-bomb? They will, if doing so is their best strategy in response to what other actors are doing. Or, in other words, if it's a Nash Equilibrium to develop the bomb.
On a lighter note, game theory seems to be useful for understanding whether the Joker should cooperate with other villains to conquer Batman. I didn't follow all the details, but this seems to be a mathematical proof that the Joker is best off acting alone.
The applications of game theory are indeed endless.
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Speaking of game theory and Iran, their is a great podcast on EconTalk with Bruce Bueno de Mesquita that covers this. Aired 8/11/08. His argument is that Iran's leaders are completely rational and their decision amking process should be viewed through the lens of game theory.
Speaking on the lighter side of things, I found a quantitative model to survive zombie attacks. I guess it must be really slow for econometricians in Canada these days. This is really good for a few econ related laughs.
http://www.wired.com/wiredscience/2009/08/zombies/
You don't have to outrun the zombie, you just have to outrun the guy standing next to you.
That's why I try to stand next to Taylor Randall at all times.
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