- Game Theory (plato.standford.edu)
Game theory is the study of the ways in which interacting choices of economic agents produce outcomes with respect to the preferences (or utilities) of those agents, where the outcomes in question might have been intended by none of the agents. The meaning of this statement will not be clear to the non-expert until each of the italicized words and phrases has been explained and featured in some examples. Doing this will be the main business of this article. First, however, we provide some historical and philosophical context in order to motivate the reader for the technical work ahead.
- Sic semper tyrannis (Wikipedia)
Sic semper tyrannis is a Latin phrase meaning “thus always to tyrants”. In contemporary parlance, it means tyrannical leaders will inevitably be overthrown. The phrase also suggests that bad but justified outcomes should, or eventually will, befall tyrants. It is the state motto of Virginia.
