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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (34195)	8/22/2021 6:18:56 PM
From: Sun Tzu	3 Recommendations Recommended By abuelita ajtj99 towerdog Read Replies (3) \| Respond to of 97611

I disagree. You've probably heard me say that ethics is the distillation of thousands of years of human wisdom on how to best survive and thrive. This is not idle conjecture. A lot of research, especially in the field of Game Theory proves this. This weekend I was reading the book Games People Play: Game Theory in Life, Business, and Beyond by Scott Stevens. This is a serious but accessible book (the math is kept to a minimum). A comparison of 3 games under various settings from both the Nash equilibrium and the real world experiments was very interesting. The 3 games were: (1) The prisoners dilemma - showing purely selfish behaviour results in maximum collective pain. (2) Ultimatum, where one person is given some money and has to offer a portion of it to another player. If the other player accepts, they will both walk away with money. If he does not, neither gets any money. Real world results show a substantial portion of the society is willing to incur personal costs to punish unfair players. (3) Dictator, that is an even more extreme version of the ultimatum game and explores the limits altruism and being a benevolent punisher. I recommend that everyone reads this book. It is full of practical advice and provides a formal framework for what many of us intuitively know but may not be as clear about. Anyways, long story short, the research proves that not only ethical behaviour is in our best interest, but also that most of us behave in a very consistent manner with the Nash Equilibrium (when viewed as a long-term game). Furthermore, primates on the whole seem to be genetically biased towards ethical behaviour. It does not take much to behave as I described. It takes a fair bit of brainwashing and wrong upbringing to not behave that way.