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This puzzle should be called "The VC game". Real pirates were actually far more egalitarian. http://www.newyorker.com/magazine/2007/07/09/the-pirates-code http:
by ryandvm 11y ago
This puzzle should be called "The VC game". Real pirates were actually far more egalitarian.
http://www.newyorker.com/magazine/2007/07/09/the-pirates-code http://www.newyorker.com/magazine/2007/07/09/the-pirates-cod...
- kbutler 11y agoI initially thought the parent was being unfair to the VCs, but then considered policies that exclude other investors, like preferred shares and buyouts that fall just short of any payout to common shareholders, and so forth, and realized it's pretty accurate.
- jerf 11y agoHumans in general actively punish perceived unfairness. Put simply, that's because real life is iterated and this puzzle is explicitly a one-off game. Give those real pirates a guaranteed one-off game and they would be far less egalitarian.
- Fuzzwah 11y agoJust on the off chance that anyone else reading this new yorker article clicked on the link to the Buccaneers.pdf file and also found that it 404'd: Archive.org have a mirror: http://web.archive.org/web/20081218012123/http://history.byu.edu/fac/miller/251/Buccaneers.pdf http://web.archive.org/web/20081218012123/http://history.byu...