Re:Game Theory – Prison Breakthrough
by vacri on Friday August 19, 2016 @07:22PM
(#12324201)
> centralization also results in severely less optimal results because the information and experience available to central planners is substantially less then information available to individual actors.
This is a throwaway generalisation. A simple counter-example is pollution, where significant improvements come from centralised actions (watchdog agencies and regulation) because individuals either don't know or don't care about their contributions.
This is a throwaway generalisation. A simple counter-example is pollution, where significant improvements come from centralised actions (watchdog agencies and regulation) because individuals either don't know or don't care about their contributions.