Optimal versus stable strategies in the politics of devolution
Thursday, June 11th, 2009R Chandrasoma In the study of the dynamics of complex systems a distinction is made between outcomes that are “ƒ”¹…”optimal’ and those that are “ƒ”¹…”stable’. The “ƒ”¹…”optimal state’ is that which is most rewarding for all parties concerned. Unfortunately in many realistic situations, optimal states are unstable as they are vulnerable to “ƒ”¹…”attacks’ from competing […]
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