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You're talking about game theory as it relates to pricing / auction games. This is a really well-studied topic, and indeed there are much more efficient ways to
by ethbro 10y ago
You're talking about game theory as it relates to pricing / auction games. This is a really well-studied topic, and indeed there are much more efficient ways to match value to demand.
F.ex. https://en.m.wikipedia.org/wiki/Vickrey_auction https://en.m.wikipedia.org/wiki/Vickrey_auction
- thedevil 10y agoSomehow, I had never even heard of auction theory. Thanks! This has to be the only comments section on the internet where I actually get smarter by participating. :)