This is much clearer, thank you. I appreciate the inclusion of
so many Nash equilibria really demonstrates how limited the concept of Nash equilibrium can be.
Because it reinforces the danger of naively applying toy problems to real-world interactions. It doesn’t require much communication to form a coalition to break the less-pleasant equilibria, in favor of better ones. The insight that the solutions are likely to be Nash equilibria is a good one, but the constraints that keep it a static one, rather than cycling or finding better ones, are hard to find in reality.
This is much clearer, thank you. I appreciate the inclusion of
Because it reinforces the danger of naively applying toy problems to real-world interactions. It doesn’t require much communication to form a coalition to break the less-pleasant equilibria, in favor of better ones. The insight that the solutions are likely to be Nash equilibria is a good one, but the constraints that keep it a static one, rather than cycling or finding better ones, are hard to find in reality.