Schelling points exist in cooperation games: where you and other players win if you choose the same move and lose if you choose different moves. You have a cooperation game when you establish a market: if some traders go to Broadway and others go to Wall street, they won't be able to trade with each other, and although indium and gallium trade around the same price as silver, good fucking luck finding a liquid market in indium futures. But establishing a position is not a cooperative game; it's a competitive game: you lose if you take the same position as everyone else, because they drive up the price you have to pay if it's a long position, or they drive down the price you get if it's a short position. Schelling points don't make any sense in competitive games.
Except, of course, if you pretend it's a cooperative game, and persuade everyone else to take the same position as you do, later. That's a pump-and-dump scam.
As an ex-fund-manager you know this. So why are you bringing up Schelling points? Maybe there's something I don't understand.
Except, of course, if you pretend it's a cooperative game, and persuade everyone else to take the same position as you do, later. That's a pump-and-dump scam.
As an ex-fund-manager you know this. So why are you bringing up Schelling points? Maybe there's something I don't understand.