3 ms·
The example at the end of the article is terrible. (The Nash equilibrium for the two-people-writing-down-a-price puzzle, the Traveller's dilemma, is for them b
by rm445 15y ago
The example at the end of the article is terrible.
(The Nash equilibrium for the two-people-writing-down-a-price puzzle, the Traveller's dilemma, is for them both to write down that the item is worth the bare minimum, but that has no relevance to an article about insurance in the real world).