Interesting article on game theory and human behavior | |
Anonymous Coward User ID: 715042 United States 06/30/2009 06:46 PM Report Abusive Post Report Copyright Violation | Which gies a long way to explain Americas economic policy. Despite the fact that lowering corporate tax rates and capital gains taxes would substantially increase jobs and economic growth, America continues to punish businesses and entrepeneurs. It goes hand in hand with another "game" from behavioral economics. People were asked if they would rather earn 150,000 dollars and live in a neighborhood where everyone else made 200,000; or earn 100,000 dollars and live in a neighborhood where everyone else makes 70,000 lots of people chose the later. Irrational!!! But these folks vote and hence help set economic policy. Irrational voters yields bad policy. |
Anonymous Coward User ID: 667395 United States 06/30/2009 06:46 PM Report Abusive Post Report Copyright Violation | Dr. Grossberg's work on early developmets of artificial bio-metaphor neural networks explores some of these same concepts. How ever Dr. Grossberg's work and many others is like studying the behavoir of several different types of transistors in order to understand how your comptuer and its programs work and why they have the behavior they do. The Problem with Gaming Theory lays in its initial assumptions of character atrributes and behavoirs of non-human systems as well as human pyschologies using only Statistics and Proablity Theory. For instance Gaming Theory of Poker usually doenst not account for the fact that the winning card in your poker hand just might be the Colt 45 Revolver you are hiding behind your card hand. |
Anonymous Coward User ID: 667395 United States 06/30/2009 06:49 PM Report Abusive Post Report Copyright Violation | Which gies a long way to explain Americas economic policy. Despite the fact that lowering corporate tax rates and capital gains taxes would substantially increase jobs and economic growth, America continues to punish businesses and entrepeneurs. Quoting: Anonymous Coward 715042It goes hand in hand with another "game" from behavioral economics. People were asked if they would rather earn 150,000 dollars and live in a neighborhood where everyone else made 200,000; or earn 100,000 dollars and live in a neighborhood where everyone else makes 70,000 lots of people chose the later. Irrational!!! But these folks vote and hence help set economic policy. Irrational voters yields bad policy. You only precieve this to be irrational because you have ignored people's desire to Lord It Over others. If you take that attribute into account the decision is fully irration. It only seems irrational because your theory of human behavior will not admit that people are just sometimes immoral. |
Anonymous Coward User ID: 667395 United States 06/30/2009 06:55 PM Report Abusive Post Report Copyright Violation | You only precieve this to be irrational because you have ignored people's desire to Lord It Over others. If you take that attribute into account the decision is fully rational. It only seems irrational because your theory of human behavior will not admit that people are just sometimes immoral. Quoting: Anonymous Coward 667395Hence it seems irrational because what is preceived to be a rational act is based on a false premise, aka, that people must value money more than they do their own sense of superiority over others. Maybe they really do place a higher vary on that sense of self satisfaction in showing thems;eves above others even if of a much small group. Many would rather be a big fish in a small pond than a small fish in in a big pond. |
V
User ID: 546778 United States 06/30/2009 06:59 PM Report Abusive Post Report Copyright Violation | Which gies a long way to explain Americas economic policy. Despite the fact that lowering corporate tax rates and capital gains taxes would substantially increase jobs and economic growth, America continues to punish businesses and entrepeneurs. Quoting: Anonymous Coward 667395It goes hand in hand with another "game" from behavioral economics. People were asked if they would rather earn 150,000 dollars and live in a neighborhood where everyone else made 200,000; or earn 100,000 dollars and live in a neighborhood where everyone else makes 70,000 lots of people chose the later. Irrational!!! But these folks vote and hence help set economic policy. Irrational voters yields bad policy. You only precieve this to be irrational because you have ignored people's desire to Lord It Over others. If you take that attribute into account the decision is fully irration. It only seems irrational because your theory of human behavior will not admit that people are just sometimes immoral. What does morality have to do with the psychology of preferring to be the 'rich' one in a lower class stratum than a 'poor' one in a higher class stratum? Interesting find OP thanks! "A patriot must always be ready to defend his country against its government." "People should not be afraid of their governments. Governments should be afraid of the people." "If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen!!!" “…if you will not fight for the right when you can easily win without bloodshed; if you will not fight when your victory will be sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves.” "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." - Woodrow Wilson from his death bed regarding his involvement in the passage of the Federal Reserve Act of 1913. |