economics is toast we had a good run but its toast the spirit is gone from ushttps://twitter.com/JustinWolfers/status/1270446931668500480 …
Game theory is interesting for sure (I loved it) but most of economic theory explicitly deals with the generation of prices and quantities in games that are very unlike PD. Also typically with so many actors that strategy is not super important regardless
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PD is a neat teaching example for getting students to understand Nash equilibria, but overall games of that structure are pretty incidental to economics.
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(Apologies for the potato quality. It's an old video.)https://youtu.be/sPlfKAHMWvI
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It's all prisoner's dilemma when you're talking about a zero-sum game like money. As compared to the real economy of life, which is infinitely creative, and positive sum, turning less useful things into more useful things, indefinitely.
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