Tuesday, March 25, 2014

The Optimal Savings Plan Is To Build An Awesome Team.

   (Commentary posted by Roger Erickson)



Mathematician Gives Tips On How To Win $1 Billion On NCAA Basketball

Another data point in the endless stream of failures to see the full context for the local options. 

Why don't we do this for politics, and policy development? Why only during war, gambling, entertainment arts ... and crime? 

And not just to win election to a political office, but to formally attempt to predict and continually reassess and re-tune the aggregate utility of aggregate policies?

Historically, it's possible to recruit cooperation among thieves (e.g., wolves), when they all clearly sense that they can steal EVERYTHING from a weakened neighbor. Then, they enlist the awesome power of a dynamic asset - coordination - to harvest the visible static assets that they covet.

Not unexpectedly, seeing the return on coordination as ONLY the static returns, and NOT as the dynamic method itself .... is always the initial state.

It takes a much longer time to build up all the infrastructure, whether physiological or cultural, to permanently capture a bias to coordination as a desirable dynamic asset, BEFORE any available static assets are even targeted.

We in the USA need a distinctly different education and training approach, to retain and further instill appreciation for coordination itself as a more valuable asset, separable from any static assets that dynamic assets allow us to procure upon demand.

The required approach would trigger the transition from the analog of a snail-level-culture, to something analogous to a far more agile, army-ant-culture, investing in methods for hoarding coordination techniques (teamwork) rather than burdening itself with static assets (i.e., "savings"). If we focus more on generating dynamic options instead of burdening & slowing ourselves by hoarding static assets .... we could be far better off as an aggregate.

The optimal savings plan is to build a more awesome team, as a "more perfect union." One able to generate options, NOT slow itself carrying excessive static assets. Why bother with cruder & less productive forms of "saving" or hoarding? IRA = ARP (aggregate retarding process). Why are we always conflating current fiat and future options?

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