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Finally, I have found a simplistic explanation for where Nash's concept of Ideal Money originated.
Nash had solved a problem in quantitative analysis known as the Isometric Embedding Problem, offering a host of solutions even for 3rd order derivatives.
Nash had solved a problem in quantitative analysis known as the Isometric Embedding Problem, offering a host of solutions even for 3rd order derivatives.
If you don't have time for the whole video, simply start at 22:17 - 26:17 where ironically, inflation under Nixon is given as an example.
In other words, mathematicians were already looking at the Isometric Embedding Problem for economics and Nash found it.
In other words, mathematicians were already looking at the Isometric Embedding Problem for economics and Nash found it.
Problem is, how to explain this to the muggles? A lecture on Ideal Money, of course!
It has been deeply frustrating to me that this is so deeply overlooked and even rejected by so many otherwise intelligent experts.
It has been deeply frustrating to me that this is so deeply overlooked and even rejected by so many otherwise intelligent experts.
The possibilities for econometrics are endless. Nash's Isometric Embedding Theorem offers much more than his work in Game Theory which was utterly fantastic in itself.
This was also deeply frustrating to Nash, btw. In fact, far more than my own angst, no doubt. 😂
Please watch the whole video. This indirectly offers some significant insight into where we are going with cryptocurrency. Short answer - asymptotically hyperbolic economic growth.
Speculative: The technical singularity? #AI
Speculative: The technical singularity? #AI
