Objectivists and Game Theory

I'm fighting the GIANT: Delusion + Misplaced Altruism + Dogmatism Modernized in the Guise of Objectivism.

Game Theory and Objectivism

The recent release of the movie "A Beautiful Mind" raises some questions regarding the efficacy of the work done by Nobel laureates John F. Nash, John C. Harsanyi, and Reinhard Selten. Their work involved the analysis of equilibria in the theory of non-cooperative games. Do you know of any written analysis of this work from an objectivist perspective?

Answered by William Thomas

As such, Nash's contributions to non-cooperative game theory were a major breakthrough in the formal analysis of strategic interaction. Any interaction among individuals is fundamentally "non-cooperative," because each person's interests are distinct and each person decides as an individual. Even cooperation is "non-cooperative" in this sense. Nash's equilibrium concept, which is essentially that if one seeks to maximize one's benefit one should choose based on how one expects other parties to react, is valid in its field.

Certain conclusions from simplified game models, of which the most notorious has been the "prisoner's dilemma" one-shot game, have been abused by social philosophers and political scientists to advocate collectivism of various stripes. But a game is only as good as the model it represents, and Nash's work is not at fault for providing the tool that has been abused.

A short answer, but one that will be my Key hurdles in breaking this Monster. If you don't know what Objectivism is, then you should start by learning who Alan Greenspan is. If you remember the name, he was the guy that created the Housing Bubble using Objectivist Doctrine of "Totally Free Market without Regulation". If you think the economy is recovering, note that several trillions of debt and the inability to pay off that debt in generations is what that got all of us.

Now on to this little piece of work. The guy doesn't answer the question. He basically says that that Nobel Prize winning work is a "Conspiracy" Ooooo!!! Conspiracy! (its better if you give make it sound like haunted drone).

And proceeds too... do nothing. Yes, that's how you discredit a Proven Theory and TONS and TONS of math that disprove your point, by ignoring it.

Ok this highlights one of my key problems, people who don't understand what game theory is and making broad stroke judgments the way they have been making broad stroke judgements with regards to capitalism.

I don't plan to read all of the Objectivist BS. I plan to focus one one Crucial Aspect of its: Its erroneous premise. The same premise that deregulated the Banks of america and created this cycle of abuse.

Dumb assess... they got their chance and they screwed up, how can they justify it? Oh wait their delusional...

Why is it All the Major Players of the Objectivist Movement except Alan Greenspan are not experts in Economics? Alan Greenspan screwed up royally - his ideas are wrong and yet... Objectivists still push their cause.

Criticisms on Objectism

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