The elimination tournament better simulates evolution and capitalism. With a round robin you can have a successful strategy of taking resources from stupid people. But in nature and the marketplace stupid people won’t consistently get resources and so a strategy of taking from them will not be a long-term effective one.
The elimination tournament better simulates evolution and capitalism. With a round robin you can have a successful strategy of taking resources from stupid people. But in nature and the marketplace stupid people won’t consistently get resources and so a strategy of taking from them will not be a long-term effective one.
Thank you, that is an excellent explanation and you have changed my mind; I will implement an elimination tournament as you described.