Game Theory #3: Rich Dad, Poor Dad

The podcast explores the question of who succeeds and why, examining success through the lenses of self-control, resilience, and self-assessment. It references Walter Mischel's Marshmallow Test, Carol Dweck's Mindset, and Anders Ericsson's deliberate practice. However, it argues that these qualities are results of success, not causes. The discussion shifts to the impact of parenting strategies, contrasting rich and poor families in terms of vocabulary, attitude, and stability, and how these differences shape a child's worldview and behavior. The podcast further analyzes why societies collapse, attributing it to elite overproduction and the inherent instability caused by the rich's drive for maximum outcome in a zero-sum power dynamic. It concludes by addressing how social mobility is the best form of governance.