I suspect this is a standard mathematical “it is computationally impossible to do this in the general case despite it being entirely feasible in many cases”.
replyGame theory here is applied to two fundamental market theorems. It’s a way to analyze the validity of those assumptions, rather than to build a new model. Empirical evidence to the contrary is expected given mutually inconsistent premises, which is what the author’s results predict. The author has simply used game theory math to disprove economist math.
replywhere do nuclear weapons fit in? do they make markets more/less efficient/competitive?
replyWay above my pay grade. I’m not an expert in game theory, economics, warfare, or nuclear proliferation. :)
replyWhere do conventional weapons fit it?
replyNuclear has been in maintenance mode for so long that there are doubts about if anyone could right now detonate one without shitting their pants on account if it would even go off.
Or maybe the markets are actually proof that P = NP :^)
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replyOr, P=NP
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