When two sides remain in battle for long, they co-evolve. This is seen in the natural world in everything from the toughening of grasses vs strengthening of herbivore teeth and stomachs to the changing shape of flowers and bird beaks or insect probosces.
In the man made world we see co-evolution in too many pair situations to count. Here are a few such “games,” each operating on the health of the players in a different way: Continue reading “Uncertainty Saves Lives – the Peltzman Effect”