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All of this relies on rational actors. There is major advantage to being or even feigning irrationality when the stakes are this high.
by throwaway13337 10y ago
All of this relies on rational actors.
There is major advantage to being or even feigning irrationality when the stakes are this high.
- dragonwriter 10y ago> There is major advantage to being or even feigning irrationality when the stakes are this high. There is a major advantage at times to feigning rationality with a different utility function when the stakes are high to shape perceptions of your likely responses. Irrationality is less useful, because you always want to project a clear set of preferences from which likely actions can be predicted which will strongly create an incentive for other actors to act in your interests.