Comments on: Smack that ‘fish http://www.socialstartups.com/2006/11/07/smack-that-fish/ All that's new in the social computing space. Tue, 06 Jan 2009 03:00:54 +0000 http://wordpress.org/?v=2.7 hourly 1 By: saket http://www.socialstartups.com/2006/11/07/smack-that-fish/comment-page-1/#comment-2 saket Wed, 08 Nov 2006 23:55:05 +0000 http://www.socialstartups.com/?p=4#comment-2 hmm... it seems like the solution changes depending on whether you take the payout to be "out of stock" or "buy for $1". if you take it as "out of stock" (say, with a payout of $0) then the nash equilibria is (wait,wait), which is the optimal, cooperative solution, too. however, if you take it as "buy for $1" then there is no nash equilibria (both strategies are equal -- no matter what strategy you take, you either get it for $1 or $10). which is neat, cause if both would just cooperate, then BOTH get it for $1, always. -saket hmm… it seems like the solution changes depending on whether you take the payout to be “out of stock” or “buy for $1″. if you take it as “out of stock” (say, with a payout of $0) then the nash equilibria is (wait,wait), which is the optimal, cooperative solution, too.

however, if you take it as “buy for $1″ then there is no nash equilibria (both strategies are equal — no matter what strategy you take, you either get it for $1 or $10). which is neat, cause if both would just cooperate, then BOTH get it for $1, always.

-saket

]]>