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Will that help me pass my quiz in class tonight. Topics are stackelberg equilibrium, converting demand functions into cournot or bertrand, then working on solving social dilemmas through cooperation in a prisoner’s dilemma matrix of payoffs that I calculated previously, oh yeah and with a nash equilibrium inside too and then everything else is calculated by infinity or is finite. And all in 15 minutes - no computers allowed. Fun :|

Patrick PReis 10mo ago

Sorry I didn't see your message yesterday, how was the quiz? Is that a college quiz?

Regardless, yes, the art of mental transmutation will you help you in any area of your life.

The secret is to understand that everything vibrates, everything moves, nothing is at rest.

Because everything is moving, everything has its own frequency.

If you manage to elevate your frequency, your current problems won't affect you and won't be as difficult, since they are at a lower frequency than you are.

Imagine a lot of stressed people driving fast in a street with a lot of cars, when you elevate your mind, it's as if your body is in the top of a big building, and suddenly you can see all the connections and all the shortcuts, etc (Steve Jobs "created" this analogy).

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Sophia 10mo ago

Wow :) that makes so much sense. Thank you for sharing Patrick, I will remember when the learning feels overwhelming at times and when I’m stuck in a traffic jam too :) and of course Steve created the analogy, that is so how apple feels.

The quiz went well. It was a university quiz for managerial economics. The questions literally turned out exactly how I said it would :\

Managed to answer all questions in the 15 minutes, but the part I messed up was when I was calculating the present value of the grim trigger figure, I accidentally used the figure when firm a cheats, and firm b still using cooperation qty and it was that figure I used when I applied the discount factor. It should have been the Nash equilibrium figure of competing tomorrow, as that is what they are stuck with b+cd +cd^2+cd^3 until they realise that maybe cooperation could’ve been better on decision tree.

I got the cooperation and infinity formula right though on the tree:)

Patrick PReis 10mo ago

I didn't understand anything you said in your second paragraph, but I'm happy that you went well on the quiz (except for the one part which you explained).

Sophia 10mo ago

Thanks Patrick :)

The second part just meant if one firm defects first for like say a sum of 900 in a one shot game, then trust is broken and the two firms end up competing indefinitely for like say a figure of 400 in a Nash equilibrium and then you apply say a present day value (due to inflation and time value on money)of that sum which means you have to discount between 0 and 1, so maybe it is like .8. So if your cooperation figure is higher say 500, well if you discount 500 x .8 =400 vs 400 x .8=320 and then you times that by the number of repeated interactions you think there will be. In the long-term, you’ll find that cooperation wins. It’s basically this scene in the godfather:

https://youtu.be/D6me2-OurCw

FYI, nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s is auto maths a thing now. I put a calculation in and Damus auto corrected or my phone did, not sure. That’s a first for me and it is so much better than word correction, at least numbers don’t lie and usually only one answer.

Patrick PReis 10mo ago

Ok I still don't understand 😂

But you don't need to explain, have a nice day!

Sophia 10mo ago

Family & friendship