A monthly thread for posting rationality-related quotes you've seen recently (or had stored in your quotesfile for ages).
- Please post all quotes separately, so that they can be voted up/down separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote comments/posts on LW/OB.
- No more than 5 quotes per person per monthly thread, please.
ETA: It would seem that rationality quotes are no longer desired. After several days this thread stands voted into the negatives. Wolud whoever chose to to downvote this below 0 would care to express their disapproval of the regular quotes tradition more explicitly? Or perhaps they may like to browse around for some alternative posts that they could downvote instead of this one? Or, since we're in the business of quotation, they could "come on if they think they're hard enough!"
'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