Salami Tactics


According to Thomas Schelling, winner of 2005 Nobel prize in Economics,

Salami tactics, we can be sure, were invented by a child ... Tell a child not to go in the water  and he'll sit on the bank and submerge his bare feet; he is not yet 'in' the water. Acquiesce, and he'll stand up; no more of him is in the water than before. Think it over, and he'll start wading, not going any deeper; take a moment to decide whether this is different and he'll go a little deeper, arguing that since he goes back and forth it all averages out. Pretty soon we are calling to him not to swim out of sight, wondering whatever happened to all our discipline.

This quote appears in Avinash Dixit's "Thomas Schelling's Contributions to Game Theory."

Comments:

Post a Comment:
Comments are closed for this entry.
About

MortazaviBlog

Search

Archives
« April 2014
SunMonTueWedThuFriSat
  
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
   
       
Today