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James Miller needs a reality check
First off, let me say that there is very little useful information contained in this book. The only thing I can conclude is that other 2 reviews before mine were done by friends of the author of this book, James Miller.
James begins the book with a direct insult to the reader, stating things such as quote "...Beware, however, if you end up enjoying this book, it's not because I wrote it for the purpose of making you happy. I wrote it to maximize my own payoff. I don't care, in any way, about your welfare." He also goes on to arrogantly and blatently say basically that the reader is stupid and that he has much better things to do than to be writing this book.
I totally agree...he should not have written this book. It does very little to aid in the understanding of Game Theory and its practical application in real world scenarios. Most of the information contained within the book is either common sense or flat out WRONG, both factually and practically. What is not either wrong or common sense can easily fall into the "worthless trivia" section.
Let me give you one of Mr. Miller's examples located on page 8 and 9:
Let's say that you are a parent and you are worried about your daughter becoming pregnant. If you threaten your daughter with being kicked out of the house if she becomes pregnant, his basic rationale says that if you love her and she knows it, your threats will be ineffective and she will therefore have no incentive to not become pregnant. However, James points out that the solution to the problem is to demonstrante to your daughter that you in fact do NOT love her which would in turn say to her that you would most definitely make good on your threat of kicking her out of the house in the event she became pregnant.
Application of Game Theory? Yes, kindof...but "real world" useful application of Game Theory, no way. You and I both know that in reality, things simply don't work that way between real, living, breathing people. People have feelings and emotions and many of the examples in this book do not take into account what would REALLY happen in the real world.
If that is how you view the world, then I can summarize Miller's entire book and examples by saying "The best way to use Game Theory in real world situations is to just think of the best way you can screw other people and be an arrogant SOB"...and if that is true, then I guess Miller is the world's greatest Game Theorist.
August 2003 · Books