Why put up with a Nash equilibrium when

Why put up with a Nash equilibrium when you could have a Pareto optimum?
Tim HuttonTim Hutton - 2014-06-17 22:44:32+0000 - Updated: 2014-06-17 22:44:32+0000
Why put up with a Nash equilibrium when you could have a Pareto optimum?
Originally shared by Wayne RadinskyGame-theoretic analysis of anti-Tesla sentiment following the announcement that they consider their patents "open source" and promise not to initiate patent lawsuits against anyone who, in good faith, wants to use their technology. Sharing patents in good faith is "Parento optimal" while assuming bad faith leads to the "Nash equilibrium". The Prisoner's Dilemma demonstrates that a Nash equilibrium solution is not always Pareto optimal.

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