No. of Recommendations: 6
The unavoidable truth about game theory is that if you change the game enough then the outcome will be different. In fact, that is the whole point of having a "game theory" in the first place. Nowhere is it written that a game is unfixable. This is just a pseudo-mathematical fantasy of a certain class of unimaginative and uneducated dogmatists.

The issue is what it takes to fix the game.

In this case, we effectively have to START by convincing the people who would be disempowered by a change in the game that they will be better off allowing the change in the game than by not allowing it.

And it is ALWAYS hard to sell people on the notion that they will be better off if we take privileges away from them.

(Not impossible. England's Parliament extended the vote to the common people, in part, because a well-regarded and rather conservative member of the body wondered aloud what would become of the existing members of Parliament if the common folk decided to take that privilege by force.)
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.