3 ms·
No one won. The squatters lost money, the guy lost time.
by kylec 7y ago
No one won. The squatters lost money, the guy lost time.
- segfaultbuserr 7y agoI don't know about Game Theory, but is it correct to call this outcome a Nash Equilibrium? Edit: I thought about it for a while, and it seems incorrect to say so. If the buyer's strategy is "always wait", and the seller's strategy is "always sell at an outrageous price", it should be a Nash Equilibrium, similar to a Prisoner's dilemma. But the buyer's strategy is actually "buy if the price is reasonable, wait if not", so the broker can always choose to lower the price to a reasonable level, both allowing the blogger to purchase the domain name, and profits from it. But the broker doesn't appear to be rational enough to choose this strategy, possible due to stupidity or limitations of the business model. What is the suitable term for this phenomenon?