2 ms·
This is on private goods. We are it people and we are dealing mostly with public free good. The case is quite different. The game and rule are different. Act
by ngcc_hk 7y ago
This is on private goods.
We are it people and we are dealing mostly with public free good. The case is quite different. The game and rule are different.
Actually the whole world have been prospered not because better handling of private common good. We are not. Look at ocean look at pollution look at earth warming up. Who watch the watcher. Global common good is the problem. E might die as a species because of that ultimately. My thesis supervisor is her student I think is PhD is on Nepal navigation.
But we are better handle one public good - free information and its flow. F=ma is a free public good. You can spread it without consuming it. That is the main reason why western world take over chinese due to the free flow of info.
Unlike fish. Or fresh air. Our global warming. Game theory is not that useful. Coarse theory used in carbon tax is one of the innovation. Need more.