3 ms·
With no reputation, you’re presumably less likely to have victims pay up. You want to build reputation so you can get consistent profit from these extortions.
by setr 3y ago
With no reputation, you’re presumably less likely to have victims pay up. You want to build reputation so you can get consistent profit from these extortions.
- dest 3y agoInteresting game theory scenario
- setr 3y agoI don’t know if it’s really that interesting; reputation is just a fundamental currency required to facilitate trade when it can’t be guaranteed otherwise — there is in fact an honor amongst thieves. These arm-chair game theory arguments tend to fall apart instantly as soon as you assume multiple rounds are played.