Optimal versus stable strategies in the politics of devolution
Thursday, June 11th, 2009R Chandrasoma
In the study of the dynamics of complex systems a distinction is made between outcomes that are ‘optimal’ and those that are ‘stable’. The ‘optimal state’ is that which is most rewarding for all parties concerned. Unfortunately in many realistic situations, optimal states are unstable as they are vulnerable to ‘attacks’ from competing and [...]