Posted June 13, 2013 at 6:39pm
Posted June 13, 2013 at 4:02pm
Posted June 13, 2013 at 11:03am
Posted June 13, 2013 at 9:58am
Events like the Oscars and the Super Bowl generate what game theorists call ‘common knowledge, which itself has value… If you thought nobody else was watching, would you really give up your Sunday night for such an event? Perhaps you would, but I would guess you are in the minority. The awareness that others are watching, and that you will be able to communicate with them about what happens, changes the cost-benefit calculus of the potential viewer.