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RE: 10 little idiots: trying to answer | if everyone delegates to bidbots?

in #steemit6 years ago

The Steem platform overall has quite a few different examples of prisoner's dilemma.. where the individuals actions are beneficial to that individual, but the combined action of individuals are not the optimal outcome.

Symbolic of the world really.. now let me go off to the big chain supermarket to buy a cooked chicken for half the price that the independant take away shops can afford to sell.

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Prisoner or jailer, I don't think I am overly aggressive to talk to.

Once upon a time I cooked those chickens at Coles.

the reason i bring up that coles chicken is just an example because in a way it's similar to what we see on steem.

as a collective population, we're better off to ignore the cheap chickens at coles, because if we keep buying there, eventually the independent fast food chicken places, that currently sell chickens for around $13-14, will disappear (ie. charcoal chicken).

Then when that happens, coles and woolworths will put their chickens back up to say $20, and then we're all complaining that chickens have become so expensive....

but it's almost the number one rule in economics, is that almost every smaller player will play the game as it suits their immediate need, and will rarely collude to find outcomes beneficial to many.

but it's almost the number one rule in economics, is that almost every smaller player will play the game as it suits their immediate need, and will rarely collude to find outcomes beneficial to many.

This, in a decentralized community that relies on each other for support.

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