3 ms·
I think that what the GP is saying is that they could each be correct, individually, but not all collectively.
by danaris 3y ago
I think that what the GP is saying is that they could each be correct, individually, but not all collectively.
- close04 3y ago> they could each be correct, individually In that case "They could all be right that their market share might be higher". Because they never operate individually, in isolation. Two people can predict opposite outcomes that could be correct for a coin flip but only one is correct. More on the point, I think they all invest in the same strategy not because they know they'll win but because they know without it they'll lose. Even so it's guaranteed that some of them will lose.
- RGamma 3y agoThe collective case is called https://en.wikipedia.org/wiki/Paradox_of_competition https://en.wikipedia.org/wiki/Paradox_of_competition btw.