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57 sats \ 4 replies \ @Undisciplined 18 Apr \ parent \ on: Pleb Economist #12: Stacker News and Social Choice Theory meta econ

He'll get it all worked out and then k00b will do an experiment that blows it all to hell.

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57 sats \ 3 replies \ @SimpleStacker OP 18 Apr

For this particular case, I feel like theory without empirics would be sufficient to count as a contribution.

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6 sats \ 2 replies \ @Undisciplined 18 Apr

I meant he might introduce some mechanism that proves to be analytically intractable.

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61 sats \ 1 reply \ @SimpleStacker OP 18 Apr

I have a feeling it's already analytically intractable haha

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73 sats \ 0 replies \ @Undisciplined 18 Apr

The one time I tried to really think it through, I concluded that it almost certainly is (at least without major simplifying behavioral assumptions).

What I'm completely certain of is that the rewards incentives are not salient (in the sense experimentalists use the term), so working out equilibria that don't include the cognitive costs to agents would be pretty pointless (other than as an intellectual curiosity).

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