> What? Your theorem doesn't even match with the basic prisoner's dilemma. Yes it does. > True, in the classic version of this game there's no communication

> What? Your theorem doesn't even match with the basic prisoner's dilemma. Yes it does. > True, in the classic version of this game there's no communication That's why. The infinitely iterated prisoner's dillema the theorem works with just fine because there's perfect communication (or rather, the imperfection in communication drops to 1/∞), any finite prisoner's dilemma, on the other hand, relies on both parties making their decisions in secret. > I don't know what kind of economics you're talking about. I would recommend anything by Ronald Coase or David Friedman. > And just because information is cheaper doesn't mean it's free. Correct. We will never have a perfect economy of any sort. We can only get better. But that doesn't change the fact that the internet is vastly better than anything we've had before in a number of very significant ways.