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That's an excellent comment! I had some classes of economics (Msc level), but I have never heard of that. If you think in terms of game theory where the actors
by S4M 12y ago
That's an excellent comment! I had some classes of economics (Msc level), but I have never heard of that. If you think in terms of game theory where the actors are the big companies, and have the choice between lobbying and not lobbying (let's say they have some money they can either invest in R&D, either in lobbying), you can see that the Nash equilibrium will push the actors into lobbying.
- atlantic 12y agoVery often our discussions on these topics tend to dwell on the supposedly unethical behaviour of this or that corporate actor. Instead, maybe we should recognize that incentives to lobby (and sometimes, to cheat and bribe), are built into the system, and focus on changing the institutions so that such incentives are removed. And in this area, modelling could play a big role.
- nitrogen 12y agoSince we're talking about a feedback loop, rather than a straight-line system with a start and an end, there is no "right" place to intervene; we have to adjust every entity in the feedback loop together. A lot of popular debates come down to people treating a feedback loop as a straight line, and picking different points on the loop as starting points. Some examples: nature vs. nurture, lobbying vs. corruption, chemistry vs. thoughts (e.g. in cases of depression).