4 ms·
The base problem is that it's Prisoner's Dilemma. If nobody hoards, everyone is fine. If a small number of people hoard, there are stock-outs, and everyone el
by ethbro 7y ago
The base problem is that it's Prisoner's Dilemma.
If nobody hoards, everyone is fine.
If a small number of people hoard, there are stock-outs, and everyone else has no access to the thing.
Ergo, the strictly dominant individual move is to hoard ASAP. As it provides coverage against all scenarios.
Limiting quantities is the obvious equitable response to this, so it's been good seeing retailers step up and do so.
- goblin89 7y agoI believe the implicit assumption here is distrust in reliability of supply, other people’s behavior and infrastructure in general. Some cultures are more resistant to this kind of stuff.