
270. Surprising Power of Game Theory to Explain Irrationality (Moshe Hoffman and Erez Yoeli)
The Michael Shermer Show
00:00
The Role of Cattlemen
In order to enforce a norm, you need punishment and rewards. And so ma reference in the first half of our combo is the study of third porty punishment. That's punishing people who violate the nones and highr ode of punishment. In that case, it was a neighborly norms. If your cattle, what happens with cattlemen is that, in most places you don't have fence, you just cind of let the cattle go. So again, there's thi set of norms that arise amongst the cattlemen. They will effectively compensate you for this, and they will help you, a, fix the problem.
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