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N Marbletoe
William Spaniel
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Comments by "N Marbletoe" (@nmarbletoe8210) on "William Spaniel" channel.
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then that is a different game, and needs a new analysis
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they are arbitrary. as long as a crash is worse than waiting, and going is better than waiting, i think the equilibrium is the same.
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because a crash is worse than an unnecessary stop
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but Ma Bell's breakup was an example of regulation, not de-regulation, right?
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@pmtips4482 Ok agree. To your main point, idk if Nash was used to justify deregulation, but it is logical. Possibly it was used as an excuse without actually doing the math.
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most people know what happens when cars collide
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yes that is a real thing. it is not rational, so not covered by the Nash equilibrium, but it is very important.
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maybe, but the green light player won't stop, making that a very risky proposition
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Game theory can probably explain that.
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Possibly they are using the Nash Equilibrium but for a different game, none that ignores signs and laws.
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It's not an analogy though, it is an actual example of Nash Equilibrium. Of course it may not work as such in all countries. I do think that 4-way stop may be an even more clear example.
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