Yes. I In cooperative games, we have games with 1) transferrable utility and 2) without transferrable utility. If a game can be transformed from 2) to 1), there is a net gain, on average, in utility for all players. That’s quite intuitive and easy to understand.
Where it gets interesting to me is that it is money that enables efficient transfer of utility, making games type 1) possible. Ergo, the use of money results in an average net gain to all players. :)
Aava
npub136…huvc3
2022-12-29 00:19:59
in reply to nevent1q…0j62
Author Public Key
npub1365l7zk4szr37eq976erx3qmuev8epu96hsa0eclweljxhc3dxqsghuvc3Published at
2022-12-29 00:19:59Event JSON
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"content": "Yes. I In cooperative games, we have games with 1) transferrable utility and 2) without transferrable utility. If a game can be transformed from 2) to 1), there is a net gain, on average, in utility for all players. That’s quite intuitive and easy to understand. \nWhere it gets interesting to me is that it is money that enables efficient transfer of utility, making games type 1) possible. Ergo, the use of money results in an average net gain to all players. :)",
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