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What kind of "unpredictable"? Game theory says that in certain circumstances the best option is to pick randomly with calculable probability from known options
by tbrownaw 10y ago
What kind of "unpredictable"?
Game theory says that in certain circumstances the best option is to pick randomly with calculable probability from known options. But, anyone using the same model of the situation will come up with the same options and probabilities for that choice. So does that really count as "unpredictable"?
(I also have doubts about how often things like that will actually show up in business in the real world, but even assuming that they do...)
- Retric 10y agoRepeated negotiations benefit from random behavior. Each side benefits from information disparity, so if they always use identical approaches they start leaking more information than they want to.
- randcraw 10y agoProbably that should read, "ONLY repeated negotiations benefit from random behavior." Random choice among N possibles will select the best only 1/N of the time.
- deleted 10y ago[deleted]
- Retric 10y agoONLY would mean all one off transactions must be deterministic strategy. I am not sure that's the case due to uncertainty.