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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (63070)	8/23/2004 12:37:50 PM
From: ManyMoose	Read Replies (1) \| Respond to of 793689

I found the bar scene in "A Beautiful Mind" to be a much-easier-to-follow explanation of economists. In that scene, Nash and his buddies observe a gorgeous blonde and several attractive but less gorgeous young ladies. Nash instantly formulated the "Nash Equilibrium," wherein people try to maximize their mutual benefit. That is, if he and his buddies all pursue the gorgeous blonde, the other attractive ladies leave in disgust or disappointment and the blonde gets scared off. But if he and his buddies divide their pursuit amongst all the attractive and gorgeous ladies, everybody "gets laid." iscid.org Equilibrium Theory: The Nash Theorem maintains its focus on rivalries with mutual gain; a perceptual focus of Nash's mathematical vision found in the light of Leon Walrus' General Equilibrium Theory (published 1874) and John von Neumann's and Oskar Morgenstern's theory of games (1944), now simply called Game Theory. Nash later established his own idea of dominant strategy equilibria through maximization solutions for zero-sum games. He did this with original mathematical techniques to demonstrate the existence of methods for finding a measurable equilibrium in a general class of non-cooperative games. On the value of Nash equilibrium: "The concept of a Nash equilibrium n-tuple is perhaps the most important idea in noncooperative game theory. ... Whether we are analysing candidates\' election strategies, the causes of war, agenda manipulation in legislatures, or the actions of interest groups, predictions about events reduce to a search for and description of equilibria. Put simply, equilibrium strategies are the things that we predict about people." - P. Ordeshook

To: Lane3 who wrote (63070)	8/23/2004 2:02:09 PM
From: Neeka	Read Replies (1) \| Respond to of 793689

This article brought up some questions...thanks for posting. First, Edwards and his liberal counterparts haven't explained to me what success is......what is wealthy???? who are the wealthy? They've certainly been asked, but I missed their answer. Secondly, they have not explained to me how we can become one America. Poverty/welfare programs tried to close the gap, but have only created a society that expertly and starkly pigeon holed individuals into neat little class packages which had invariable led to more dependency and poverty. And I might add.....envy. One America'ers have complained allot over the years about the plight of the "less fortunate", but they haven't come up with a plan that ensures a real solution to overcome the challenges or the obstacles that poverty creates......complaining, or rather bloviating doesn't/hasn't cut it I don't know this; are John Edwards and Jared Bernstein talking about the same two Americas, and if so, how do they propose to turn our nation into one America? Should the m/billionair wealthy, like Buffet, Soros, Bush, Edwards, Gates, Benaroyal, Allen and most heavy corporate CEOs earn the same salary......the same one that the waitress or Jazz musician earns/receives? Should we all earn the same amount of money, (should money be abolished?) giving us all the chance to acquire basic necessities and beyond? Should we all have the same size home or the same kind of car (should cars be abandoned in favor of mass transit~~we do need trucks)...... one that requires gasoline supplied by government with the same price nation wide? Should basic necessities like food, health care and fuel cost the same for everyone? Should we all be given an allowance to take a holiday? Should our education system be the same across the board? Should our teachers, physicians, firemen, police, sanitation workers, carpenters, Senators, waitresses, entertainers and lawyers all receive the same pay? How would that be accomplished? Who would decide, and how? And would this be acceptable to a majority of Americans? Some of these are modern day questions and we all understand that poverty exists and there are different levels of income in this two Americas. I also understand that most, but not all of us have the ability to succeed at different levels, but don't ask me how to fix it.......I don't have a diffinitive answer. edit: The questions above made me think we should take lessons from ants and bees.