aausch comments on Rationality Quotes: February 2010 - Less Wrong

2 Post author: wedrifid 01 February 2010 06:39AM

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Comment author: aausch 01 February 2010 06:18:37PM 9 points [-]

'Nash equilibrium strategy' is not necessarily synonymous to 'optimal play'. A Nash equilibrium can define an optimum, but only as a defensive strategy against stiff competition. More specifically: Nash equilibria are hardly ever maximally exploitive. A Nash equilibrium strategy guards against any possible competition including the fiercest, and thereby tends to fail taking advantage of sub-optimum strategies followed by competitors. Achieving maximally exploitive play generally requires deviating from the Nash strategy, and allowing for defensive leaks in ones own strategy. -- Johannes Koelman