Ancient Babylonian Estate Settlement: A Game Theory Masterpiece
2025-03-06
1800 years ago, Babylonians devised a method for settling estates where debts exceeded assets, a solution surprisingly aligned with modern game theory's optimal outcome. An accompanying video explains their ingenious system, resembling 'hydraulic rationing', to fairly distribute assets between creditors and heirs. This highlights the remarkable ingenuity of ancient civilizations and sparks reflection on the interplay of ancient wisdom and modern technology.