Useful is something that others find valuable. — Agustino
The social system has no volition, — charleton
That said, the need to attend 'outwards' to the social doesn't entail a wholesale disregard for belief and intention, but for a more nuanced understanding of how to appreciate the significance of those beliefs and intentions, which I think you'd agree with — StreetlightX
Geuss wrote this long before the recent brouhaha over price gouging in the medical sector in the US, but it'd be an interesting exercise to look at the media coverage about it and see at what level journalists have predominantly tackled the issue (considering the spectacle that was made of and by, say, Martin Shkreli - who milked it like any good capitalist in the game ought to - I suspect the answer is obvious). — StreetlightX
Zoom out, and out and out - and then in. — StreetlightX
Ag's individualism is empowering to each individual, whereas the sociological view is disempowering. (non absolutely). — unenlightened
However, the sociological view is empowering to the managerial sector who are in the position to adjust the structures of society. Those with such power will be structurally directed to conserve their own power, and thus the lawyer, the advertiser, the social work supervisor, the planning officer, the editor, will all be manipulating us in the direction of passivity, compliance, subservience to 'the forces of social necessity'. Success over a generation or two results in rage against the machine - the machinations, that is, of sociologists....
Or to put it another way, we are indeed playing monopoly in a society that mandates greed, and with 50% of wealth in the hands of 1% of the players, we are near the end of the game. The game has been consciously arranged that way by people using the sociological view whereby their own actions are excused, and even laudable; they are realists as opposed to idealists - the latter being responsible for all the conflicts. — unenlightened
So, exactly where is the hope? — TimeLine
Is there an individual or not? And if so, what is it? Is it as I say, moral consciousness, our capacity to reason and transcend this narrow and inescapable micro-social position? But, if you are saying what I think you are saying, then when I say "authentic individual" and the "construct of the individual (i.e. faux)" than essentially you and I are saying the same thing. — TimeLine
What happens to rationalism then? Are we never able to access the tools we have in the mind to learn and escape the apparent inescapable? — TimeLine
The only true individuals (in the sense of being non-socialized) are babies and the insane. — Baden
but what I got from his OP was that we cannot escape and that we are nothing more than an 'incentive structure' — TimeLine
I'm with you up to a point. But rather than aim for specifics, which are always very culture laden, I tend to take the more general view that society should facilitate as much variation as possible as much creativity and change as possible while still maintaining itself, i.e. not collapsing into anarchy; in other words take full advantage of its resources, express the full potential of its patterns, the set of relationships that make it up in a sustainable way. As it grows and develops in this way, we cannot but grow too (which emphasises again the point, that to set one against society in the abstract - if not against a particular form of society - is suicide). — Baden
I never said that, Baden did, I actually just quoted him. That's why there are quote marks around it, you know...Agustino mistakenly has, that 'there is no individuals, only society — StreetlightX
I've been reading the work of the Invisible Committee recently, and they put this in stark and beautiful terms — StreetlightX
From birth, the process of individualization is the process of socialization. It's no coincidence that the older we get and the more we consider ourselves a developed individual the more socialized we tend to be. The only true individuals (in the sense of being non-socialized) are babies and the insane. — Baden
One thing that ought to be questioned is the very desirability of 'escape': if our attachment to society is the very condition of our individuality (and, as Baden said, the very condition of self-intelligibility (contra Cartesian atomism)) , it's not too far a stretch to think that the desire to 'escape' is not unlike the desire of Kant's dove, for which "cleaving in free flight the thin air, whose resistance it feels, might imagine that her movements would be far more free and rapid in airless space.” — StreetlightX
I perhaps take a more Rousseau approach and see the system as the primary issue or problem that restricts our cognitive capacity to naturally evolve, — TimeLine
The paradigm at stake here is 'interactionist', and not 'entity-based': individuation (of both society and individuals) is a result of interactions, and not the other way around. — StreetlightX
In this you give undue credit to the maker of the video — charleton
So for instance someone might purchase a work of art as a useful investment and not because they like the art, valuing capital more than art.
— praxis
No difference. They still value the piece of art for one reason or another. — Agustino
The idea - not too controversial I hope - is that the typical behaviour of individuals in society is shaped - but not 'determined' - by what might be called the 'incentive structure’ of that society: the rough system of rewards, punishments, pleasures, accolades and disincentives that permeate it
The idea - not too controversial I hope - is that the typical behaviour of individuals in society is shaped - but not 'determined' - by what might be called the 'incentive structure’ of that society: the rough system of rewards, punishments, pleasures, accolades and disincentives that permeate it. The video uses the board game Monopoly as its exemplar: regardless of the values or moral dispositions of the individuals involved, the win-conditions of the game are such that the more greedy and ruthless you are, the more successful you will be - and this will be the case regardless of how ‘good’ or ‘bad’ you are as a person.
I think this is important to emphasise because too often - in my opinion - does social discussion focus on the 'psychology' or the ‘values' of individuals involved in any one situation. — StreetlightX
One thing that game theory does in an analysis is ascribe an abstract opponent. This can be 'nature' or another player. This can be generalised to cooperative games, where groups of players can form coalitions and solutions (strategies) of the game are ways of allocating resources (payoffs) or costs (losses) to groups. — fdrake
Further, the analysis can include leaving allied groups and making new allied groups. — fdrake
The assumption that self interest generates optimal payoff in general really only applies to games of coalition of size 1; self interest becomes interest of one's coalition if they are pre-allocated — fdrake
If they are preallocated is a big 'if'. Rarely are things so clear or obvious in the real world, which you bring up later in your post. Which, leads me to believe that acting selfishly will almost always be what is best for the individual and group of individuals (Is there a theorem for that? I think the Nash Equilibrium only holds given that premise, otherwise the game falls apart, I think.).
This isn't even starting to mention the asymmetric information problem. But, what I gathered from my short stint at one course of game theory at college, is that even when asymmetric information problems are avoided by having a game of guaranteed rewards or more formalized conditions (the market)
is that utility is maximized even more by self-interested behavior. This is again because, at the very fundamental level, self-interested behavior is rational and ought to be done. So, the system is constantly self-reinforcing.
When you say 'is there a theorem for that' it has to be specific to a game or class of games. There's not 'theorem for that' for games which display most of the features of political/economic discourse or activity. There isn't even a guarantee for Nash equilibrium in this kind of context. — fdrake
Trying to model 'the market' in terms of game theory is not usually done in a manner that represents the complexities of the market. If someone agrees that the Black-Scholes equation is useful - or more generally continuous time modelling of financial time series - this is no longer representable as a game with a finite number of actions without losing information. Fluctuations of the market in continuous time are generated per unit time through the activities of humans. — fdrake
In a tautologous sense, you can define self-interest as maximising your utility function. But to say that this necessarily contains all the features of 'rational self interest' in something close to the Randian or non-empirical economic models sense for all games just isn't true. — fdrake
I was under the impression that game theory is based on mathematics, so, eventually (given a sufficiently complex calculus) all games could be modeled to understand what actions would produce the maximum amount of utility to all participants. Since you seem to know more about this than I do, then I figure you must be right in highlighting the complexity of various games and imposed constraints on participants. But, again it seems that the underlying premise to render such a conclusion as sound would be that every participant is acting in their own or collective self-interest, no?
Yes, I understand that modeling a situation often requires more than the 2D analysis we're talking about, or rather 3D analysis bounded by time; but, as I understand it, there are no hard limits imposed by any situation that wouldn't allow a sufficiently complex calculus to be devised to account for all externalities arising from interactions in the market.
What makes you say that? Again, is there a hard limit imposed by a theorem or such that would prohibit said modeling to occur?
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