13.1.04

LINK: I don't even have words for how wrong I think this is:

"I'm generally against increasing funding for public universities. But if you're going to be public, you have to serve the needs of the taxpayer first, not the needs of your institution - and you have to be accountable for your expenditures."

though it sounds like an iteration of the Rosemary Nagle Game to me*.

*how the game is played: get a group of people together, and have them pick numbers between 0 and 100. Place money on the outcome of the game. Whoever is closest to 2/3 of the average gets all the money.

People will a lot of game theory will recognize that the equlibrium here is 0. This is sort of how a lot of political argumentation goes, as well: if you believe that it's a psychologically true fact that people don't like to pay taxes (or would be okay with cutting certain programs to pay less in taxes), you're going to get caught in a cycle where you bid down to 0.

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