82,891
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 9: | Line 9: | ||
You will never guess what happened. | You will never guess what happened. | ||
It turns out the group incentivised to be greedy capitalist [[Rent-seeking|rent-seekers]] behaved like, well, greedy capitalist rent-seekers. They were disinclined to collaborate, but, ''pace'' {{author Adam Smith}}, the invisible hand did not nonetheless win out. This group forced themselves into a narrow, white-knuckle footrace towards a goal they didn’t well understand and as a consequence they didn’t do very well. | It turns out the group incentivised to be greedy capitalist [[Rent-seeking|rent-seekers]] behaved like, well, greedy capitalist rent-seekers. They were disinclined to collaborate, but, ''pace'' {{author|Adam Smith}}, the invisible hand did not nonetheless win out. This group forced themselves into a narrow, white-knuckle footrace towards a goal they didn’t well understand and as a consequence they didn’t do very well. | ||
The group without the pressure to kill or be killed, who had nothing at stake other than the satisfaction of ''knowing their work might be useful in some later project'' — heart-warming, right? — collaborated unselfishly and, on average, solved the problem much more quickly. | The group without the pressure to kill or be killed, who had nothing at stake other than the satisfaction of ''knowing their work might be useful in some later project'' — heart-warming, right? — collaborated unselfishly and, on average, solved the problem much more quickly. |