Pareto Optimality – Poker - Advertising

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Canis major
Posts: 264
Joined: Mon Oct 25, 2010 3:16 pm
Location: New Delhi

Pareto Optimality – Poker - Advertising

Post by Canis major »

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.
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Saumya
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Re: Pareto Optimality – Poker - Advertising

Post by Saumya »

Please elaborate without heavy philosophical language which is best left for thesis papers.
Kikikikikiki bleach-treated my avatar! Isn't she sweet?
Canis major
Posts: 264
Joined: Mon Oct 25, 2010 3:16 pm
Location: New Delhi

Re: Pareto Optimality – Poker - Advertising

Post by Canis major »

Even I've forgotten how this came about. It'll take some time to remember but hopefully I'll be able to explain this in an easy way. Surprisingly it isn't clicking for me neither.
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Ek Kanya
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Re: Pareto Optimality – Poker - Advertising

Post by Ek Kanya »

Yes please. We would love an explanation.
Canis major
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Joined: Mon Oct 25, 2010 3:16 pm
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Re: Pareto Optimality – Poker - Advertising

Post by Canis major »

Ek Kanya wrote:Yes please. We would love an explanation.
I think it was some drunken rambling, the sinews of which have been lost in the abyss we call a brain. But, no matter the tenuous link, I think there was a point to be made. I just wish I could remember the connection.
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