Hundreds or thousands of years ago, people lacking modern technology successfully settled estates even in complex situations like bankruptcy. The Babylonian Talmud’s approach to distributing wealth among creditors and heirs in a bankrupt estate was remarkable and aligned with game theory principles. Mathologer’s Burkhard Polster delves into this fascinating topic in a 40-minute video, highlighting the unique strategies employed by ancient cultures to reach fair solutions without modern tools. Despite the seemingly dry subject matter, discussions about concepts like hydraulic rationing reveal surprisingly clever and optimal game-theoretic solutions.
https://politicalcalculations.blogspot.com/2025/02/game-theory-and-settling-debts-of.html