Is Game Theory Racist? : The Schelling Segregation Model
Here is a Game Theory model that “supposedly” helps understand segregation in America. Click here to read the full article on game theory
Article Introduction (Via Mind Your Decisions)
During the 1960s the economist Thomas Schelling researched segregation and racial preferences. He suspected segregation was the result of a subtle interaction and he created a model to investigate. Not only did the model confirm his suspicion but it showed something very surprising: even very small preferences among otherwise civic individuals could lead to segregation. I’ll cover the model and then explain its implications which affect everything from housing sales to company hiring policies.
Article Excerpts & Implications (Via Mind Your Decisions)
The Schelling model is not perfect but it can give us good insight into racial and other segregation. Here are a few insights:
1. Don’t assume groups are deeply racist
2. If you can, get it right the first time
3. Intervention maybe necessary to maintain diversity
4. Intervention maybe needed to fix thing
