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A government simulation or political simulation is a game that attempts to simulate the government and politics of all or part of a nation. These games may include geopolitical situations (involving the formation and execution of foreign policy), the creation of domestic political policies, or the simulation of political campaigns. [1]
Social credit in China is a broad policy category seeking to enforce legal obligations including laws, regulations, and contracts. [16]: 3 Social credit does not itself bring new restrictions; it focuses on increasing implementation of existing restrictions.
Social credit is designed to give the individual the maximum freedom allowable given the need for association in economic, political and social matters. [58] Social Credit elevates the importance of the individual and holds that all institutions exist to serve the individual – that the State exists to serve its citizens, not that individuals ...
The public goods game is a standard of experimental economics. In the basic game, subjects secretly choose how many of their private tokens to put into a public pot. The tokens in this pot are multiplied by a factor (greater than one and less than the number of players, N) and this " public good " payoff is evenly divided among players.
Regulatory economics is the application of law by government or regulatory agencies for various economics-related purposes, including remedying market failure, protecting the environment and economic management.
Regulation can facilitate, maintain, or imitate markets. [3] Public interest theory is a part of welfare economics. It emphasizes that regulation should maximize social welfare and that regulation should follow a cost/benefit analysis to determine whether the increased social welfare outweighs the regulatory cost.
A simulation game is "a game that contains a mixture of skill, chance, and strategy to simulate an aspect of reality, such as a stock exchange".Similarly, Finnish author Virpi Ruohomäki states that "a simulation game combines the features of a game (competition, cooperation, rules, participants, roles) with those of a simulation (incorporation of critical features of reality).
[1] [4] [5] But the normative economics of social decision-making is typically placed under the closely related field of social choice theory, which takes a mathematical approach to the aggregation of individual interests, welfare, or votes. [6] Much early work had aspects of both, and both fields use the tools of economics and game theory ...