7 ms·
Just having the right culture is not a solution. You can have a culture that routinely goes for Pareto optimality. If that's not an evolutionary stable strategy
by ntoshev 12y ago
Just having the right culture is not a solution. You can have a culture that routinely goes for Pareto optimality. If that's not an evolutionary stable strategy, the moment you introduce agents that choose the Nash equilibrium instead, they would start winning and gaining ground.
I wonder about a different solution though: can you design a mechanism that transforms the Nash equilibrium of a Prisoner's dilemma game into the Pareto optimal outcome? Something similar to escrow?
[1] http://en.wikipedia.org/wiki/Evolutionarily_stable_strategy http://en.wikipedia.org/wiki/Evolutionarily_stable_strategy