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I'm guessing it's because you're projecting political baggage onto something that is more of just an interesting theoretical result. The Price of Anarchy's orig
by sebastos 10y ago
I'm guessing it's because you're projecting political baggage onto something that is more of just an interesting theoretical result. The Price of Anarchy's original setting was the issue of internet routing, and the "mystery" of how it could work without any central oversight. The answer is that there is a price you pay for having completely decentralized, selfish decision making, but it's bounded. The central oversight bears little relation to a government - it's an oracle that can calculate a theoretical optimum, not some kind of decision-making bureaucracy or something.