The assassins (Blood and Cheese) break in and want to kill Prince Jaehaerys. They don’t know which sleeping child is the prince, however. Their mother (the Queen Helaena) is asked to reveal which one is the prince. The Queen doesn’t want the heir to the throne to be killed and the assassins want to kill …
Read more “Game Theory in House of the Dragon: A Mixed Strategy for the Prince’s Life”
Season 1, Episode 3: In this clip, Cersei tells her son “The North cannot be held…not by an outsider. It’s too big and too wild.” This can help us understand the principal-agent problem. The principal-agent problem states there is a conflict in priorities between the principal – normally an emperor or some type of ruler …
Read more “Cersei’s Realization: The Principal-Agent Problem in Imperial Governance”
Season 4, Episode 10: In this clip, a former slave asks Daenerys to allow him to sell himself back to his master, citing poverty and problems with current benefits to the newly freed. This is related to the idea of path dependency, Path dependency is the idea that history matters: it’s easier or more cost-effective …
Season 5 Episode 9: Prince Doran Martell decides to ‘break bread’ with the Lannisters instead of waging war over past grievances. Ellaria Sand questions his decision, but Doran explains the cost of war. This is similar to the broken window fallacy. The broken window fallacy argues that spending money on infrastructure and goods that have …
Season 5 Episode 9: In this clip, Tyrion explains to Hizdahr zo Loraq why he doesn’t approve of the fighting pit. Hizdahr retorts: “What great thing has ever been accomplished without killing or cruelty?” Tyrion then informs Hizdahr of the error in reasoning he made. Tyrion is making a normative claim about the fighting pits. …
Season 5, Episode 4: Bronn describes his ideal death, where his kids grovel over his fortune. This highlights the importance of good estate planning.
Season 5, Episode 3: House Ramsey is threatened and has to determine the balance between conflicts and violence to achieve their means and entering into coalitions.
Season 5, Episode 2: A vote between three people to be commander of the Night’s Watch is occurring. When there are three or more choices, Kenneth Arrow showed in his impossibility theorem that all three of these cannot occur: * If every voter prefers alternative X over alternative Y, then the group prefers X over …
Season 5, Episode 1: Jon Snow is talking with Stannis Baratheon. Stannis wants Jon to convince Mance – the King Beyond the Wall – to join him and bring his Wildling Army. This is risky, as the Wildling Army could be powerful and pose a threat, but Stannis clearly thinks this is worthwhile.
Objectives: Understand the concept of the production possibilities frontier and how it illustrates the trade-offs between producing different goods and services. Understand the role of investments in increasing capital and expanding production possibilities. Analyze the clip from Game of Thrones where Arya talks about reinvesting her profits and relate it to the concepts of capital …
Read more “Understanding Production Possibilities Frontier and Investments”