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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 (34207)	8/22/2021 10:56:44 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97611

Actually I was coming at it from the other direction. Studies have shown that on average people behave in a manner consistent with Nash equilibrium. This is especially true if they have had the chance to hone their game. Now it turns out that when it comes to moral dilemmas, the Nash equilibrium is most often what we would consider ethical behaviour. In other words, while we are not angels, nor are we devils or complete idiots. And we naturally (based on instinct + universal values) act in benevolent self interest. You don't have to be well educated or know game theory to get there. Experiments show that with a little practice people get there without having to create a mathematical model or philosophizing about it. It's natural then to presume that we pass this collected wisdom/experience to the next generation, hence my statement about ethics as the distillation of generational wisdom. Burning your ships on hostile shores, asking for expensive engagement ring, deep discount for the first time trial followed by expensive annual rate are all examples of game theory strategies that people use everyday without knowing the theory. But the most common versions of game theory stratagems that we pass on the next generation are our codes of daily conduct. We codify those into religion, morals, manners, etc.

To: TigerPaw who wrote (34207)	8/23/2021 12:47:04 AM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 bull_dozer Read Replies (1) \| Respond to of 97611

True. When I explain economics to people, I often start off with a similar note. Economic health for the big picture as a whole is dependant on the people doing what is bad for them. The factories will only run at full output, employing the most people if people don't save and buy buy buy. They need you to upgrade your phone, computer, game console, car as often as possible even if your current one is fine. The entire fashion industry is just a scam to get you to throw out your perfectly good clothes and get new ones because the factory said the styles have changed. Big/small collar, over/below the knee, 2/3 button suit, skinny/straight/flare pants etc. Once needs are met, only "wants" keep the economy running. Marketing is just getting people to waste their money. That's why deflation scares big picture focused leaders. Inflation keeps people buying before their cash loses value. Deflation rewards saving and not spending. Spending instead of saving also creates debt slaves that you can control. If people saved and were smart and frugal, the system would slow down, employment would drop and recession sets in. The trick is to save while keeping everyone else spending. Notice Warren Buffett still lives in his old conservative house. I know lots of multimillionaires that drive 20 year old cars, live in modest homes and don't live flashy lives.