Do click for an even more dissipative image. The source for the cartoon is here, btw.
Oh, and the "movie" being referenced is "War Games," if you were not a nerd child of the 1980s. The relevant scene is here.
MAD is not exactly the same as rent-seeking, of course. If you want to learn more about rent-seeking you can go here.....or if you want something visual, that's not TOO abysmal, here.
UPDATE: Thanks to Kyle Regan, a nice video from David Zetland on all-pay auctions and political lobbying. Terrific.
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