Pareto Optimality – Poker - Advertising
Posted: Sun Dec 22, 2013 2:12 am
Pareto Optimality – Poker - Advertising
Are two consumers in a zero sum game? Advertising is a zero sum game – non - Pareto optimal operation.
Can a consumer be happy in a zero sum game or Pareto optimality? No
Communism acts on the idea of Pareto optimality but capitalism doesn’t.
Consequently advertising also doesn’t.
How come communism doesn’t work? Because optimality is always the 2nd choice for a consumer.
In poker every hand is a zero sum game if you consider stack sizes, otherwise it isn’t. You can have pocket jacks while some one else has that, with the board of having no option of having a flush, it’ll then be non zero sum game. But no two players will play pocket jacks the same way.
Advertising is that. We all have pocket jacks most of the time but we don't play the same way.
Are two consumers in a zero sum game? Advertising is a zero sum game – non - Pareto optimal operation.
Can a consumer be happy in a zero sum game or Pareto optimality? No
Communism acts on the idea of Pareto optimality but capitalism doesn’t.
Consequently advertising also doesn’t.
How come communism doesn’t work? Because optimality is always the 2nd choice for a consumer.
In poker every hand is a zero sum game if you consider stack sizes, otherwise it isn’t. You can have pocket jacks while some one else has that, with the board of having no option of having a flush, it’ll then be non zero sum game. But no two players will play pocket jacks the same way.
Advertising is that. We all have pocket jacks most of the time but we don't play the same way.