? Economic game theory is âhow 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 worksâ. Game theory is used in everything from economics to traffic to understand individual strategies in different environments. Itâs a weirdly specific cog in the orphan crushing machine to take issue with
Wanna start *real* game theory? đ
Submitted â¨â¨9⊠â¨months⊠ago⊠by â¨gandalf_der_12te@feddit.de⊠to â¨[deleted]âŠ
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Comments
Shiggles@sh.itjust.works â¨9⊠â¨months⊠ago
Neato@ttrpg.network â¨9⊠â¨months⊠ago
Itâs also inherent in evolution and life competition. And the resounding lesson life has learned is that itâs always better to cooperate.
Hence why social animals exist.
gandalf_der_12te@feddit.de â¨9⊠â¨months⊠ago
Well itâs the philosophical backbone behind a lot of decisions that management makes.
âIf the company does X, the people will respond with Y, and that will earn us Z money. So we do it, even though itâs unethical.â
So I guess that itâs an important part to take an issue with.
randomdeadguy@lemmy.world â¨9⊠â¨months⊠ago
But thatâs just a theoryâŚ
A GAME THEORY
Psionicsickness@reddthat.com â¨9⊠â¨months⊠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 doesnât help.
Hell, in my opinion, game theoryâs largest contribution is in support of the theory of evolution, which, some how politically, flies in the face of actual ignorance.
Neato@ttrpg.network â¨9⊠â¨months⊠ago
Cooperation with retaliation and forgiveness. Itâs how the world works. If economists havenât figured that out yet thatâs really on them.
RedAggroBest@lemmy.world â¨9⊠â¨months⊠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 heâs on a PC? There are better formats for this in the first place, even if it made sense.
hex_m_hell@slrpnk.net â¨9⊠â¨months⊠ago
Yeah, game theory is abused in economics but itâs probably the only useful thing associated with capitalist apologetics. The problem with the use of game theory within economics is the fact that itâs using an overtly simplified model that doesnât 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 itâs not as necessary for us as we developed more collectivist tendencies) or we actually evolved away from that (that is, thereâs some evolutionary benefit for us to actually be bad at game theory).