Since the end of the cold war, game theory has languished a little. But now, it’s proving its indispensability.
The social norm of leaving the toilet seat down: A game theoretic analysis
We model the toilet seat problem as a 2 player non-cooperative game. We find that the social norm of leaving the toilet seat down is inefficient. However, to the dismay of â€œmankindâ€, we also find that the social norm of leaving the seat down after use is a trembling-hand perfect equilibrium. Hence, sadly, this norm is not likely to go away.
As I recall, the last game theory study to receive any significant media attention was one on the economics of faking orgasms.