May

26

I found this blog post on game theory very interesting.

"Game Theory Is Really Counterintuitive":

Every now and then, I hear someone say that game theory doesn't tell us anything we don't already know. In a sense, they are right—game theory is a methodology, so it's not really telling us anything that our assumptions are not. However, I challenge someone to tell me that they would have believed most of the things below if we didn't have formal modeling.

Stefan Jovanovich writes: 

People often take aggressive postures that lead to mutually bad outcomes even though mutual cooperation is mutually preferable.

Even if everyone agrees that an outcome is everyone's favorite, they might not get that outcome.

Neither of these "insights" (sic) is a discovery that goes against intuition; children learn these lessons the first time they bring a toy to a "sharing" event with other toddlers.

Ralph Vince writes: 

Game theory is the study of what makes us tick, which means we step out of ourselves, observe our own behavior.

The danger with this is that we then draw conclusions about ourselves along the lines of our acting more intelligently than we previously thought; we ascribe to reflexive intellect that which is likely simply mere instinct.

And I would add at this juncture (and perhaps this bears consideration on every thread) intelligence which outsizes one's humility is a prescription for delusion. The smartest hamster on the planet is still just a hamster. 


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