6 ms·
Batching can greatly lower the returns to speed, which would be sufficient to get participants to invest less in speed. It doesn't need to reduce the returns to
by anonymoushn 2y ago
Batching can greatly lower the returns to speed, which would be sufficient to get participants to invest less in speed. It doesn't need to reduce the returns to speed to 0, and indeed reducing the returns to speed to 0 is sort of an incoherent idea to begin with.