What does a TRUMP presidency look like?

[Grey Fox]

I like Yi's definition and label of the 2 positions. Altho, I don't think they are sides only styles.

[The Minsky Moment]

Yet when I pointed out that NATO behavior is rational from a cost-benefit perspective, your objection was based on fairness.

Game theory teaches individually rational choices can lead to societally suboptimal outcomes.

Yes but how is that applicable here, and what does it have to do with your fairness objection?

[Admiral Yi]

Yes but how is that applicable here, and what does it have to do with your fairness objection?

You're familiar with the concept of "Stackleberg leader," right? I resent  being  the Stackleberg leader.

Goddamn space  bar is sticking.

[The Minsky Moment]

You're familiar with the concept of "Stackleberg leader," right? I resent  being  the Stackleberg leader.

The NATO alliance isn't a sequential game though.  The Treaty is mutual and agreed to by all parties simultaneously, a process that repeats each enlargement.  Military budgets are set and change from year to year and the process of setting those budgets is entirely transparent as it moves through open legislatures.  Everyone can see and respond to what everyone else is doing and adjust accordingly.

[Admiral Yi]

The NATO alliance isn't a sequential game though.  The Treaty is mutual and agreed to by all parties simultaneously, a process that repeats each enlargement.  Military budgets are set and change from year to year and the process of setting those budgets is entirely transparent as it moves through open legislatures.  Everyone can see and respond to what everyone else is doing and adjust accordingly.

My recollection  of freeriding and Stackleberg leaders is much simpler than all these objections indicate. It's basically freeriding occurs, Stackleberg leader makes up the difference to achieve optimality. Please educate me on my error.

[Sophie Scholl]

They did it. They fucking caved.

[Zoupa]

lol why are Dems so terrible at politics.

[Zoupa]

like what's the point of the shutdown if you eventually vote to reopen and have nothing to show for the 40 days of crap.

[The Minsky Moment]

My recollection  of freeriding and Stackleberg leaders is much simpler than all these objections indicate. It's basically freeriding occurs, Stackleberg leader makes up the difference to achieve optimality. Please educate me on my error.

My understanding comes from the economics of competition. If you assume two firms in an oligopoly market, if both set production simultaneously (Cornot), the optimal strategy ends with both producing the same.  If one acts first (Stackleberg) but knows the other will respond, the leader can secure a higher quantity.  The follower will accept less because the price impact of producing more will result in net less profit.  It's an interesting result in the economics of information because it arguably shows that having more information gives a worse result.

The scenario assumes fixed and unchanging supply and demand conditions over time and assumes a strict sequence in selection that can't be changed once made.  So it doesn't apply to a dynamic diplomatic situation.