Teoría de los juegos y Anarcocapitalismo | Martín Krause

Martín Krause, professor of economics, presents the differences in individual behavior as posited by game theory, which is hypothetical, and experimental economics, which observes the behavior of real people. He also explains the future possibility of anarcho-capitalism, that is, a market society without a state. Game theory analyzes situations of dependency, such as the prisoner's dilemma and the dilemma of nature, two one-off games that presuppose the impossibility of social cooperation. Therefore, it is necessary for someone to force individuals to cooperate. Krause later refutes these statements with the behavior observed in real individuals. "We solve the problem of lack of coordination because we have someone who imposes discipline. This, although it may seem strange, is the theoretical justification for the state and its existence." Anarcho-capitalists argue that spontaneous cooperation is possible without someone imposing discipline. Experimental economics, conceived by Vernon Smith, studies people's behavior to verify whether or not the hypotheses of the theories hold true. The results of several games reinforce Adam Smith's concept of the invisible hand. "What experimental economics shows is that people are more cooperative than economic theory suggests." Krause argues that human beings are more cooperative than previously thought, based on the results of various repetitive games proposed by experimental economics. A good reputation in the market and the threat of punishment are key to maximizing social cooperation. Chapters 00:00 Introduction 01:04 The Classic Prisoner's Dilemma and the Breakdown of Adam Smith's Invisible Hand 06:16 The State as a Coercive Solution to Cooperation Problems 07:26 The Dilemma of the State of Nature and Thomas Hobbes's Social Contract 11:41 The Analogy of the Boat at Sea 13:22 Is a Stateless Society Based on Voluntary Cooperation Feasible? 14:26 Introduction to Experimental Economics 15:38 Vernon Smith and the Ultimatum Game 19:02 The Dictator Game and True Cooperative Human Behavior 20:48 The Concept of Sympathy in Adam Smith's "The Theory of Moral Sentiments" 23:03 The Trust Game and Social Reciprocity 25:58 Elinor Ostrom and the Effects of Communication on Group Dilemma Resolution 28:06 Differences Between One-Time and Repeated Games in Social Life 32:38 The Role of Reputation and Free Choice in Market Relations 37:04 The Effects of Social Punishment and Rule Compliance in Different Cities 40:39 Communication Channels 43:04 Conclusions #MartinKrause #State #MarketFailures Social Media: Facebook •   / sergiosantidiaz   Instagram •   / sergiosantidiaz   TikTok •   / sergiosantidiaz   Twitter •   / sergiosantidiaz   Discord •   / discord   Join this channel to access its benefits:    / @sergiosantidiaz   Martín Krause He holds a PhD in Administration from the Catholic University of La Plata, Argentina. He is a professor at the Faculty of Economics and Law and Social Sciences of the University of Buenos Aires, Argentina, and served as Rector of ESEADE, a university institute in Argentina. He is a visiting professor at Francisco Marroquín University and an Associate Scholar at the Cato Institute in Washington, D.C., USA. Martín Krause has published several books: *The Story of Economics*, *In Defense of the Most Needy*, *Projects for an Open Society*, co-authored with Alberto Benegas Lynch (Jr.), and *Direct Democracy*, co-authored with Margarita Molteni. He has also published book chapters and numerous articles in academic journals and newspapers throughout the Americas. He has dedicated himself primarily to academic and consulting work in the field of economics, participating as a speaker at seminars and conferences, and as an observer in various electoral processes worldwide. In addition, he has received several awards and grants, including the Buenos Aires Academy of Sciences Prize (Law and Economics), the Eisenhower Exchange Fellowship, and the John Templeton Foundation's Freedom Project grant. Credits Game Theory and Anarcho-Capitalism Martín Krause Francisco Marroquín University Guatemala, September 20, 2017