the_dunk_tank
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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When it's taken out of its original context, understanding the behavior of perfectly rational risk-minimizers in systems of rules, it usually is pseudo science shit.
Which doesn't actually exist anyway
Exactly! It's a mathematical fiction!
Are you telling me that happiness, democracy, freedom index is all fake?
no, silly. Those are real numbers, which are totally not also fictional
The username fits
Is there a context in which the concept of a "perfectly rational risk minimizer" is a useful construct to explore?
Absolutely! It's very useful in communications theory. I'm thinking specifically of MIMO networks, in which game theory can be useful to find resource (ie power) allocations that allow the best power/channel capacity tradeoff. Here, the agents are nodes in a communication network, and the risk is how much power they spend to put signals into the network. Game theory is important in this kind of comm. problem because the optimal policy for any individual node's power allocation depends on the strategies of the nodes they're communicating with.
That makes sense, thank you.