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by dash2 3541 days ago
" any solution to a problem that is not a Nash-equilibrium cannot be implemented."

This is empirically false. For example, voluntary contributions to a public good are not a Nash equilibrium, but we observe substantial contributions in experiments with real humans.

It's also weird to argue this and then argue against govt intervention. If you don't think non-Nash solutions to public goods problems such as global warming work, then what alternative is there but government intervention?

1 comments

Just because people try, on occasion, to fight a Nash equilibrium does not mean they can win. Hell, I bet people do that by mistake. Often even.

Only if they win would it actually mean something. Call me when donations (or government policy) end poverty, for instance.

Social Security basically ended extreme "living on cat-food" poverty among the elderly.
At the cost of being too expensive to sustain.
[citation needed]