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This feels like a variation of prisoners dilemma. I think what you say is true for well established markets. In growing markets the incentive to capture market
by wordpad 1y ago
This feels like a variation of prisoners dilemma.
I think what you say is true for well established markets. In growing markets the incentive to capture market share may well override any profit considerations.
- LPisGood 1y agoTFA is about game theory and the prisoner’s dilemma is one of the most basic examples of game theory, so this makes sense.