Re:Firm wielding Theranos patents asks judge to block corona...
by rmrfstar on Tuesday March 17, 2020 @12:23PM
(#22606548)
For the "self-interest produces efficiency" people:
Here is a payout diagram for the two-player antisocial/prosocial game:
(A,A)=(6,6)
(A,P)=(15,5)
(P,A)=(5,15)
(P,P)=(12.5, 12.5)
The unique Nash equilibrium is (A,A). That is the United States right now. Please carefully read Adam Smith [1] before making arguments about incentives and efficiency.
Here is a payout diagram for the two-player antisocial/prosocial game: (A,A)=(6,6) (A,P)=(15,5) (P,A)=(5,15) (P,P)=(12.5, 12.5)
The unique Nash equilibrium is (A,A). That is the United States right now. Please carefully read Adam Smith [1] before making arguments about incentives and efficiency.
[1] https://en.wikipedia.org/wiki/The_Theory_of_Moral_Sentiments