? Economic game theory is “how do you maximize your profits while understanding everybody else is also trying to maximize their profits and their strategies have an effect on how well yours works”. Game theory is used in everything from economics to traffic to understand individual strategies in different environments. It’s a weirdly specific cog in the orphan crushing machine to take issue with
Wanna start *real* game theory? 😏
Submitted 1 year ago by gandalf_der_12te@feddit.de to [deleted]
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Comments
Shiggles@sh.itjust.works 1 year ago
Neato@ttrpg.network 1 year ago
It’s also inherent in evolution and life competition. And the resounding lesson life has learned is that it’s always better to cooperate.
Hence why social animals exist.
gandalf_der_12te@feddit.de 1 year ago
Well it’s the philosophical backbone behind a lot of decisions that management makes.
“If the company does X, the people will respond with Y, and that will earn us Z money. So we do it, even though it’s unethical.”
So I guess that it’s an important part to take an issue with.
randomdeadguy@lemmy.world 1 year ago
But that’s just a theory…
A GAME THEORY
Psionicsickness@reddthat.com 1 year ago
Literally linked to the wiki that debunks the claim.
Game theory has been APPLIED to economics; often misinterpreted.
Greed ,in our late stage capitalist environment, IS the sin that will doom us, however, pushing people away from ideas that can better explain conflict and collaboration doesn’t help.
Hell, in my opinion, game theory’s largest contribution is in support of the theory of evolution, which, some how politically, flies in the face of actual ignorance.
Neato@ttrpg.network 1 year ago
Cooperation with retaliation and forgiveness. It’s how the world works. If economists haven’t figured that out yet that’s really on them.
RedAggroBest@lemmy.world 1 year ago
Bad post. Game theory describes a natural pattern towards a most efficient solution for all parts. Its just a math theory that helps predict results.
And why Harold? Just because he’s on a PC? There are better formats for this in the first place, even if it made sense.
hex_m_hell@slrpnk.net 1 year ago
Yeah, game theory is abused in economics but it’s probably the only useful thing associated with capitalist apologetics. The problem with the use of game theory within economics is the fact that it’s using an overtly simplified model that doesn’t actually reflect humans.
Corporations, however, are amoral manifestations of greed pure greed so they generally can be modeled pretty well with simple models in a lot of situations.
Game theory has a lot of applications outside of markets. One cool fact about game theory is that chimpanzees have a more intuitive understanding of it than humans. So it kind of looks like we either lost that for some reason (like… That it’s not as necessary for us as we developed more collectivist tendencies) or we actually evolved away from that (that is, there’s some evolutionary benefit for us to actually be bad at game theory).