Inadequate Equilibria vs. Governance of the Commons
In the past I've reviewed Eliezer Yudkowsky's "Inadequate Equilibria" book. My main complaint was that while it explains the problem of suboptimal Nash equilibria very well, it doesn't propose any solutions. Instead, it says that we should be aware of such coordination failures and we should expect ourselves to fare better than the official institutions in such cases. What Yudkowsky is saying (if I understand him correctly) is that given that the treatment of short bowel syndrome in babies is stuck in an inadequate equilibrium, there's no way to fix the problem on the system level. However, you can spot the problem and acquire the medication needed to keep your kid alive from abroad yourself. In my review I've sketched a couple of ideas how to approach the problem, but that was just me trying to be clever. Something backed by evidence would make me much more happy. So I've decided to have a look at how people are getting out of suboptimal equilibria in the real world. And that's how I'
In the past I've reviewed Eliezer Yudkowsky's "Inadequate Equilibria" book. My main complaint was that while it explains the problem of suboptimal Nash equilibria very well, it doesn't propose any solutions. Instead, it says that we should be aware of such coordination failures and we should expect ourselves to fare better than the official institutions in such cases. What Yudkowsky is saying (if I understand him correctly) is that given that the treatment of short bowel syndrome in babies is stuck in an inadequate equilibrium, there's no way to fix the problem on the system level. However, yo
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