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" any solution to a problem that is not a Nash-equilibrium cannot be implemented." This is empirically false. For example, voluntary contributions to a public
by dash2 10y ago
" any solution to a problem that is not a Nash-equilibrium cannot be implemented."
This is empirically false. For example, voluntary contributions to a public good are not a Nash equilibrium, but we observe substantial contributions in experiments with real humans.
It's also weird to argue this and then argue against govt intervention. If you don't think non-Nash solutions to public goods problems such as global warming work, then what alternative is there but government intervention?
- candiodari 10y agoJust because people try, on occasion, to fight a Nash equilibrium does not mean they can win. Hell, I bet people do that by mistake. Often even. Only if they win would it actually mean something. Call me when donations (or government policy) end poverty, for instance.
- eli_gottlieb 10y agoSocial Security basically ended extreme "living on cat-food" poverty among the elderly.
- someguydave 10y agoAt the cost of being too expensive to sustain.
- eli_gottlieb 10y ago[citation needed]