alt Hacker NewsThe problem with this is that "breaking the Nash equilibrium momentarily" is a spherical cow.
"Momentarily" can mean years or even decades, and millions of people can suffer or die as a result.
The problem with this is that "breaking the Nash equilibrium momentarily" is a spherical cow.
"Momentarily" can mean years or even decades, and millions of people can suffer or die as a result.
Markets do not model that especially well. When it comes down to these situations, it's not about the rising price of food motivating producers to enter the market - it's about the people starving. During a war, no amount of money can cause more munitions to appear fast enough. Blast-resistant concrete can take weeks or months to cure, workforces take time to train. These "momentary" disruptions can swamp the whole.