And are you really “exploiting” an “irrational” opponent, if the party “exploited” ends up better off? Wouldn’t you end up wishing you were stupider, so you could be exploited—wishing to be unilaterally stupider, regardless of the other party’s intelligence? Hence the phrase “regret of rationality”...
Eliezar, you are putting words in your opponents’ mouths, then criticizing their terminology.
“Rationality” is I think a well-defined term in game theory, it doesn’t mean the same thing as “smart”. It is trivial to construct scenarios in which being known to be “rational” in the game theory sense is harmful, but in all such cases it is being known to be rational which is harmful, not rationality itself.
And are you really “exploiting” an “irrational” opponent, if the party “exploited” ends up better off? Wouldn’t you end up wishing you were stupider, so you could be exploited—wishing to be unilaterally stupider, regardless of the other party’s intelligence? Hence the phrase “regret of rationality”...
Eliezar, you are putting words in your opponents’ mouths, then criticizing their terminology.
“Rationality” is I think a well-defined term in game theory, it doesn’t mean the same thing as “smart”. It is trivial to construct scenarios in which being known to be “rational” in the game theory sense is harmful, but in all such cases it is being known to be rational which is harmful, not rationality itself.