Very interesting. He explained it well. I’ve thought about how the longer you’ve invested into it, the less incentive there is to stop. Economics is the study of incentives. I love the concept of incentives. 8:37pm NZST 26 July 2022.
I've heard some say this is an instance of a Schelling point. Not the specific "I got there first" rule, but the fact that some kind of meetint point has to be found, because the absence of such a point is costly (in this case, resulting in a payoff of zero).
Religion that convert do this. Take millennia to keep things moving and taking more people/land and erasing others with academia, media, bribery, geopolitics, geoeconomics etc.
Very interesting. He explained it well. I’ve thought about how the longer you’ve invested into it, the less incentive there is to stop. Economics is the study of incentives. I love the concept of incentives.
8:37pm NZST
26 July 2022.
I've heard some say this is an instance of a Schelling point. Not the specific "I got there first" rule, but the fact that some kind of meetint point has to be found, because the absence of such a point is costly (in this case, resulting in a payoff of zero).
Thank you! Finally found a good explanation of this
Great biologist.
Lesson: Stop while you're ahead or behind
my mind is blown.
Afghanistan *cough cough*
Religion that convert do this. Take millennia to keep things moving and taking more people/land and erasing others with academia, media, bribery, geopolitics, geoeconomics etc.
This guy teaches? Academic mumble jumbo, when war of attrition is better explained with real war examples. $10 and animals, are you kidding?
why are you that unhappy with life, man
Symbolism is real