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Game Theory and Settling the Debts of the Deceased in Ancient Times


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How could these people, who lacked the power of modern technologies like computers, or even paper, have any chance to solve difficult problems requiring lots of calculations? The answer of how at least one culture resolved this difficult task without modern technologies some 1,800 years ago is remarkable because their approach proved to be the optimal solution according to game theory, which as a field, didn't come into its own until the twentieth century. Admittedly, discussions of the content of the Babylonian Talmud and concepts like hydraulic rationing can be pretty dry, but also surprisingly fascinating in how they can lead to an optimal game-theoretic solution.

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