What makes you so good, IMO the Best on SI is because you communicate by getting through the rhetoric of packaged concepts, being sold as end alls..
This is just one of hundreds of examples;
Game Theory is a big trap. It sucks you in and hoodwinks you into believing it since it's hard to argue with it on theoretical grounds. When it's practically applied it falls apart fast. Too complex to model reality which inevitably follows elusive, non-intuitive lines, and requires greater perfection in behavior as it becomes more accurate, a very unrealistic requirement.
How many market participants wed to the new game theory market does this single summary neutralize? I would suggest most.
No matter though, because for the whole complex invested in pursuit of game theory goals , there are already signs that there is a hierarchal division of labor within this field as well. Its kind of a disconnect between where cooperation, meets self interest.
It will show up inevitably, as front running or fading those entraped in the belief that game theory can do no wrong.
The fastest to the insight you offer above, may increase their probability to survive, those who cant grasp it, will be fodder for the rest to feed upon. |
