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by cameldrv
846 days ago
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Yeah but it's more like the prisoner's dilemma vs. the iterated prisoner's dilemma. Some people think that what makes the modern world work is hyper-optimization, but what really makes the modern world work is reliability. If my counterparty, the hamburger stand, is trying to hyper-optimize their profit by doing dynamic pricing, now I have to run my own optimization loop to find the best value hamburger stand for that particular hour, and maybe I don't want to waste my time/energy trying to figure out what the best hamburger stand is at any given moment, so I just go to the one that charges the same prices all the time. |
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