Modeling Cycles of Grift with Evolutionary Game Theory

(oranlooney.com)

22 points | by ibobev 3 days ago

4 comments

  • smogcutter 17 minutes ago
    I think a missing piece of this analysis for the present is the way that hyper-skepticism can come back around and make you just a different type of mark. Sovereign citizens, for example.
  • apothegm 3 days ago
    Maybe, but… the cycle can be very long. Everyone in Russia is a skeptic or a grifter, and it’s been that way for decades with no sign of grift being on its way out.
  • MarkusQ 20 minutes ago
    The meta strategy seems clear: if the world seems full of grifters, stop being a Mark, and start being a Skeptic.

    Or, I suppose, go on thinking this time is different.

    • energy123 13 minutes ago
      Don't believe the latest fashion on social media, including the latest thing it's fashionable to be sceptical about. That rule of thumb performed well the last 10 years.
  • bediger4000 3 days ago
    This is a great post. It's even got useful ternary diagrams, and it gives an explanation of why the NFT grift disappeared. Too bad cryptocurrency in general is only mentioned in the context of rug pulls. This theory must not extend as far as whatever powers crypto.