kaal:claim:3782192-017
The Folk Theorems of game theory prove that any rules that can be formally set down can be subverted: strategies always exist that follow the rules and still allow a minority player to profit at the expense of the majority.
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The Folk Theorems of Game Theory (explained in Chapter ^) prove the point that any rules that can be formally set down can be subverted. Strategies al- ways exist which follow the rules and yet allow a minority player to profit at the ex- pense of the majority.
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failuresupport: evidencedfailure: Formal rule subversion (Folk Theorem)family: enforcement-gapeconomics
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