Can Game, Economic and Legal Theory Explain the Practice of Dermatology?
Perhaps you’ve read “Freakonomics,” or seen the Academy Award-winning movie “A Beautiful Mind”, or heard a broadcast on National Public Radio detailing human motivations explained by math or economics? Or, maybe you’ve heard jargon tossed around such as: B=PxL, zero-sum games, Nash equilibriums and Coase’s theorem. Even if you’re familiar with the vernacular of these theories and you have an inkling of what they mean, you’re probably still wondering what all this has to do with practicing dermatology. Surprisingly, a lot. Explaining Everyday Life with Game Theory and MoreThe concepts of law and economics and game theory explain the diverse activities that animate everyday life — such as why we act the way we do and why others act the way they do. American courts also consider law and economics and game theory when they make their legal rulings. If you want to understand the current state of social theory or even the state of dermatology, an understanding of these principles is helpful.
