3 ms·
And the increase in profits of that second supplier might surpass the losses of the first supplier if the customer made their original decision based on cost.
by slg 6y ago
And the increase in profits of that second supplier might surpass the losses of the first supplier if the customer made their original decision based on cost. You can frame this as increasing economic output. Let's break all the canals[1].
[1] - https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window
- 908B64B197 6y agoBut the customer will end up paying more! It's a never-ending problem! (Increasing economic outputs by breaking all canals is the perfect example of why I'm always worried about gradient descent)