Tuesday, December 11, 2007

Quote

For some reason this quote really struck me. Maybe it won't have the same effect for you out of context, but I think it's insightful.

"[A]ll human systems are gamed, for reasons rooted deeply in psychology, and great skill is displayed in the gaming because game theory has so much potential. That's what's wrong with the workman's comp system in California. Gaming has been raised to an art form. In the course of gaming the system, people learn to be crooked. Is this good for civilization? Is it good for economic performance? Hell no. The people who design easily–gameable systems belong in the lowest circle of hell." - Charlie Munger
Wonder how he feels about politicians?

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