Nash Equilibrium
Posted: Wed Mar 19, 2008 5:25 pm
I have been reading through the forums for a while. I never registered because I don't have the time or resources to help IMSLP, and never wanted to be an inactive member of a forum, although I deeply support those who are taking an active part in the project.
I was reading Feldmahler's "Thoughts after the closure of IMSLP" when I came across the profound statement "Weep for our slow but steady descent into the darkness that is Nash equilibrium". This immediately caught my attention. Usually a Nash equilibrium is something to rejoice in, rarely something to weep for.
Let's back up.
A Nash equilibrium is where both parties are doing what is best for themselves, and the other party. This was illustrated in A Beautiful Mind with a bar scene. Nash was working on his thesis, and three of his friends sat at his table when five s walked in, one , the others . One of the friends said "recall the lessons of Adam Smith, the father of modern economics...the best result comes from [both parties] doing what is best for himself." Nash thought about this as his friends conversed about the s, then said "Adam Smith needs revision. If we all go for the , we block each other, and not a single one of us is going to get her. Then we go for her friends, but they will all give us the cold shoulder, because nobody likes to be second choice. The [only choice that will work] is if we all go for her friends. The best result comes from each [party] doing what is best for himself, and the group."
This scenario is very analogous to the scenario concerning IMSLP and UE. UE went for the , blocking IMSLP (although, really both were seeking alternative aspects (romantic and classical) of the same thing). Both parties were in Nash equilibrium before UE wrote the first cease and desist letter, because that was best for both parties individually and collectively. UE went backwards, out of equilibrium, when they shut IMSLP down. Now, equilibrium is approaching again.
Hopefully this sheds some more light on the situation.
I was reading Feldmahler's "Thoughts after the closure of IMSLP" when I came across the profound statement "Weep for our slow but steady descent into the darkness that is Nash equilibrium". This immediately caught my attention. Usually a Nash equilibrium is something to rejoice in, rarely something to weep for.
Let's back up.
A Nash equilibrium is where both parties are doing what is best for themselves, and the other party. This was illustrated in A Beautiful Mind with a bar scene. Nash was working on his thesis, and three of his friends sat at his table when five s walked in, one , the others . One of the friends said "recall the lessons of Adam Smith, the father of modern economics...the best result comes from [both parties] doing what is best for himself." Nash thought about this as his friends conversed about the s, then said "Adam Smith needs revision. If we all go for the , we block each other, and not a single one of us is going to get her. Then we go for her friends, but they will all give us the cold shoulder, because nobody likes to be second choice. The [only choice that will work] is if we all go for her friends. The best result comes from each [party] doing what is best for himself, and the group."
This scenario is very analogous to the scenario concerning IMSLP and UE. UE went for the , blocking IMSLP (although, really both were seeking alternative aspects (romantic and classical) of the same thing). Both parties were in Nash equilibrium before UE wrote the first cease and desist letter, because that was best for both parties individually and collectively. UE went backwards, out of equilibrium, when they shut IMSLP down. Now, equilibrium is approaching again.
Hopefully this sheds some more light on the situation.