4 ms·

You're going to collude with ~100 random strangers to prevent anyone else from taking the offer until it gets to the level you want it to get to, and then agree

• dawnerd 9y ago
  Last year when I was flying back from LIH this happened but on a very small scale. These two guys both were joking about just driving the price up and so they did, all the way to the max Guy got a free hotel stay and food as well since there was only one flight per day to LAX.
• SilasX 9y ago
  At a high enough price, you encourage exactly those conspiracies.
  • landryraccoon 9y ago
    I'd defect. The first person to defect wins the entire pool. It's not like any agreement among the passengers would be enforceable.
  • loeg 9y ago
    That isn't how game theory works. Colluding with 100 people becomes harder the reward for defection grows higher.
    • deleted 9y ago
      [deleted]
    • SilasX 9y ago
      And so does the incentive to try shenanigans that break the simple model of the game.
      • loeg 9y ago
        There's nothing to suggest the model is overly simplistic. Good luck convincing 100+ people to collude on those shenanigans at their own personal loss.
        • SilasX 9y ago
          If your model says that 100 people never stick to an agreement, then yes, it is too simplistic.