Those who, upon seeing a situation, look for which policies would directly incentivize the outcomes they like should spend more mental effort solving for the equilibrium.
Those who, upon seeing a situation, naturally solve for the equilibrium should spend more mental effort checking if there is indeed only one “the” equilibrium, and if there are multiple possible equilibria, solving for which factors determine which of the several possible the system ends up settling on.
[Epistemic status: 75% endorsed]
Those who, upon seeing a situation, look for which policies would directly incentivize the outcomes they like should spend more mental effort solving for the equilibrium.
Those who, upon seeing a situation, naturally solve for the equilibrium should spend more mental effort checking if there is indeed only one “the” equilibrium, and if there are multiple possible equilibria, solving for which factors determine which of the several possible the system ends up settling on.