3 ms·
How can win-lose (lets say in the expected value) deals exist when the participants are free to partake or abstain from the deal?
by WanderPanda 5y ago
How can win-lose (lets say in the expected value) deals exist when the participants are free to partake or abstain from the deal?
- fighterpilot 5y agoIn this context, they meant to say "outcome", not "deal". However, win-lose deals can indeed happen, although they're rather rare. Consider the example of diminsmished agency, e.g a fentanyl addict "choosing" to buy more fentanyl. Or consider agency conflicts of interests or information asymmetries as examples where deals can turn out to be win-lose.