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Brad DeLong's avatar

There is a difference between making a costly signal of the kind of person you are and actually being that kind of person.

If you are in a game-theoretic interaction with, say, John von Neumann, you have to think that you may well have overestimated the actual costs to them of sending the "costly signal", and hence they are grifting you.

Thus, somewhat paradoxically, in a real world where people know they do not have all the information, evidence of active thought on your part can be a big drawback in attempting to establish a signalling equilibrium of any sort.

By contrast, the very fact that Donald Trump is clearly a psychotic cruel asshole and cannot modulate lends you confidence, if for some reason your utility function puts you among the people who want to watch the world burn...

> Henry Farrell: "Classy" is the one adjective that has never been used to describe Donald Trump <https://www.programmablemutter.com/p/classy-is-the-one-adjective-that>: 'That's his strength and his weakness.... The more that decadent elites like myself sneer, say, at Trump’s penchant for putting marble everywhere, the more straightforward it is for Trump to signal that he is on the side of all the people who don’t like decadent elites. Like a bizarro-world FDR, he welcomes our hatred. Equally, there are serious drawbacks to Trump’s approach. Trump is visibly not a strategic thinker in the game theoretic sense of the word. He is incapable of modulating his signaling as circumstances suggest...

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Derek Howard's avatar

I'm kind of interested in why he hates his mum.

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