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RE: Game Theory and Anarchy

in #anarchy8 years ago

Wow, really good game-theory post. I was not sure where it was going at first... hehe.

Endowment theory is very logically consistent with reality:
"People are willing to spend more money to defend their rights than they are to violate others. Therefore the market would tend to reward the most profit-maximizing firms, which would be those who defended persons and property... Successful businesses depend on good reputations, and being fair promotes a better reputation than an agency that is going to rob and extort people."

Great post. Upvoted / followed. I came to the post when it was at $0.33, and only got back to reading it later. Congrats on being recognized for your quality!

Take care. Peace.

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Thanks. Glad you enjoyed it.