10 sats \ 1 reply \ @south_korea_ln OP 14 Oct \ parent \ on: Game Theory with Ben Polak Education
I think to understand the system one is trying to change, it is important to understand it well and deeply. I am not at that stage yet. Lots of Bitcoiners can't say more than "inflation is bad" and "money-printer go brrr", but don't understand all the nuances that come with it in the complex system based on human behavior that is the economy.
Game theory is fine if you only use mathematics to describe human action, but not so accurate.
Understanding the math will make it easier to get into human action afterwards, at least for me.
This may indeed be too basic for you. I haven't started watching it myself yet.
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0 sats \ 0 replies \ @Rothbardian_fanatic 14 Oct
No, this is not too basic for me, in fact it is something I have never studied. My approach has been from the Austrian economics side. The basis of praxeology is “Humans act”. That is the first premise of Mises’ theoretical framework. There are other rules of action that come out of the basic premise and corollary of that premise that lead to some very sophisticated thoughts.
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