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Applying Nash Equilibrium models to decision making

Already-proven engineering and ethical principals need to a greater degree be incorporated into the decision-making process. In particular, given its promise of finding optimal solutions, it is key that Nash Equilibrium models are used to form the daily decisions that determine how limited resources are spent, thus optimizing energy sufficiency and sustainability. Great care must be made in structuring and reviewing the decision-making and implementation processes so that they, to borrow from perl philosophy, "do the right thing", quantifying and transparently reporting each step along the way, and flexibly accepting feedback without losing sight of the overall goal. It is a challenge and responsibility to build such a system, and we are fortunate that John Nash has already blazed the trail.



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Idea No. 68