sucker(s) or saint(s)

image

taking T = tempation, R = reward, P = punishment and S = sucker, this leads in general to a sub-optimal outcome, as the nash-equilibrium in for example the prisoner’s dilemma(s), unless we twist thr utility value function(s) to allow S = saint, or strive for a pareto-equilibrium which gives, although unstable, maximal benefit for all, if enforced by either regulations, politiness or altruism. [taken from Barash (2003), see reference(s) and resource(s)]

from my g-note

Advertisements
This entry was posted in concept(s). Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s