> Nobody needs an AI to figure out Tit-for-Tat is a good strategy. It isn't complicated.
That's true for the iterated prisoner's dilemma. It's also pretty non-intuitive. It was formalized in 1980 which is cutting-edge for mathematics.
I think collusion can also be using real-time pricing updates as a communications channel. Collusion could even be the Nash equilibrium -- in which case, yes, that's the efficient market (I believe).
That's true for the iterated prisoner's dilemma. It's also pretty non-intuitive. It was formalized in 1980 which is cutting-edge for mathematics.
I think collusion can also be using real-time pricing updates as a communications channel. Collusion could even be the Nash equilibrium -- in which case, yes, that's the efficient market (I believe).