4 ms·
Classic failure to establish a (close to) pareto optimal regulatory structure to avoid ending up in the self-organizing Nash equillibrium which is worse for eve
by skummetmaelk 2y ago
Classic failure to establish a (close to) pareto optimal regulatory structure to avoid ending up in the self-organizing Nash equillibrium which is worse for everyone.
The Price of Anarchy strikes again.
- nojvek 2y agoWhat do you mean by Pareto optional regulatory structure? Got links to read further to comprehend meaning of word salad?
- rramadass 2y agoNot the person you asked the question of, but this should clarify; https://en.wikipedia.org/wiki/Pareto_efficiency https://en.wikipedia.org/wiki/Pareto_efficiency https://en.wikipedia.org/wiki/Nash_equilibrium https://en.wikipedia.org/wiki/Nash_equilibrium