Chapter XVII: Law is Boundaries
Good laws should do their best to make stakeholders choose Nash equilibrium rather than constraining the behavior of some people, and any unfairness may cause adverse inducements
Order in the depths of chaos
It is more certain that the effects can be expressed on a large scale, and if we can be in a higher dimension, we can get the relative certainty of a lower dimensional randomness
The cycle is perfect
The public network and its ground rules build a larger network of good, and any change will be resisted and, in the case of the individual, punished
The information that anyone receives is limited and can only be compared with the people around them, which is the lowest energy option, but the transmission of information makes the society form a whole. As for www.biquge.info delay, it is a matter of local closed loop and speed. This also has a problem of energy distribution, and speed determines the distribution of unfamiliarity
Costs and benefits are the premise of considering everything
Scarcity is directionality, and group cooperation is a natural problem of energy distribution
Everything is money-oriented, that is, profit-oriented, just as energy minimization is a common trend
The economy is about choice, and choice is random or probabilistic. Nash equilibrium is a more likely choice, so there will be a distribution of choices in the population, and it is foreseeable that in the case of general unrestricted conditions, most people tend to prefer the choice of Nash equilibrium. The imposed constraints actually change the distribution of choices by changing the probabilities. For example, when people are in the prisoner's dilemma, they will change the likelihood of choosing the Nash equilibrium after knowing that there are gangs out there to punish traitors.
Exchange, the exchange of different marginal quantities of the same object, increases the total social welfare. Sometimes, due to the asymmetry of information, we need a merchant to help us match, and the merchant makes a legitimate profit in the process. We can see it as an inevitable loss, such as energy conversion not being 100%.
Scarcity is relative, and we need to pay a price to convert relationships
Efficiency is always relative, and the increase in wealth is efficiency
Increase, the law of comparative advantage
The way of distribution cannot be rigid, and diversity needs to be used as a buffer to adapt to the changing situation in reality
Behavior is the relative proportion of things, only behavior has a cost, and behavior is relative;