You are viewing a single comment's thread from:

RE: Hive Owner/ Operator

in LeoFinance3 months ago

Taraz, you wrote about my fav topic! LOL. I am going to bore you to death.

To each their own

Incomplete, Taraz, incomplete!!

Governing Dynamics....Adam Smith's century old economic theory: "In competition, individual ambition serves the common good"

However, Adam Smith was wrong!

Dr. John Nash's famous PhD thesis proved him wrong.

Dr. Nash proved:

the best result will come from everyone in the group doing what's best for himself … and the group.

It was beautifully featured in a scene of The Beautiful Mind

And that is Nash Equilibrium! One of the pioneering economic theories of our time!

Sort:  

I should have had a question mark :D

And yes, the best result is maximizing the self, which almost undoubtedly means supporting the group too. One can really only maximize oneself if living the life of a hermit. But, once there are two people, the maximization of the self that is possible increases as there are more resources and the ability to compound results. Two people can lift a heavier log to make a shelter than one person can alone.

Loading...