Economics

1716 readers

20 users here now

founded 5 years ago

MODERATORS

Rumblestiltskin@lemmy.ml

Nash equilibrium (www.dicebreaker.com)

submitted 11 months ago by roastpotatothief@lemmy.ml to c/economics@lemmy.ml

3 comments fedilink hide all child comments

So there is a name for it. This situation we are in where nearly everyone wants to improve their society and avoid climate crisis etc, but there is no change an individual can make to improve the situation. So everyone keeps doing the same thing, helplessly knowing their strategy contributes to everything being terrible.

you are viewing a single comment's thread
view the rest of the comments

[–] CadeJohnson@slrpnk.net 2 points 11 months ago (1 children)

I'd hate to think modern society is based on a giant elaboration of poker, but I can't rule it out - it MIGHT not be the worst outcome, but a pseudo-equilibrium far from the best. Every young person knows something accessible in the past is now lost to them - not sure what it is, but there is a hole. And yet, the social track laid out is almost unavoidable.

I traveled a good bit the past 20 years and I've experienced first-hand the really hard work and the immense gratification of simple farming. Nobody wants to live like that (at least so they think). Having done it, I can't even say I recommend it over what modern society seems to offer. But since the best option on offer is not a true equilibrium, as the climate is making abundantly clear, what is on offer may be illusory. An alternative equilibrium - tried and true - is worth considering when opportunity arises: subsistence farming. It is NOT simple or easy - don't wait until there is no other option.

[–] roastpotatothief@lemmy.ml 1 points 11 months ago

Yes that's the value of game theory. It's not really about the silly games. It's a way to understand real life, using silly games as examples. It helps us think of ways to understand our problems and to change the world, that we would not have thought of otherwise.