sophiaw1926 on Nostr: Competing is Nash equilibrium, and with Bertrand theory gets you both in the end to ...
Competing is Nash equilibrium, and with Bertrand theory gets you both in the end to the same margin from undercutting each other. Solving the paradox by being different changes game entirely and with a low mc, yeah you got a winner;)
Published at
2025-03-21 00:17:24Event JSON
{
"id": "60a1ae61c584aa270ce5a8525af2d7030bab7a547415f50e25a87c06055d32c1",
"pubkey": "885bfc2076f182973b045024459552332f6747772d95e1320f93126ebf1739c5",
"created_at": 1742516244,
"kind": 1,
"tags": [
[
"e",
"7782aae3b7492767717a34f869b2623e0cbbf18ab3e563b398dd5b76be10054d",
"",
"root"
],
[
"e",
"e5735245a1d2af7cccd044ec074993996ccf099cec9ed3b55d516bf1614dfb24",
"",
"reply"
],
[
"p",
"82341f882b6eabcd2ba7f1ef90aad961cf074af15b9ef44a09f9d2a8fbfbe6a2"
],
[
"p",
"5ea4648045bb1ff222655ddd36e6dceddc43590c26090c486bef38ef450da5bd"
]
],
"content": "Competing is Nash equilibrium, and with Bertrand theory gets you both in the end to the same margin from undercutting each other. Solving the paradox by being different changes game entirely and with a low mc, yeah you got a winner;)",
"sig": "df0990ccc2d08bfc88d81706e57d34ab3b5be8796b414a8acfabf36811a4cea7adc68fb9f4b318df3b46123d9b4f963a767bc8313284591abac8bf64e1045af1"
}
