7 ms·
dumb...pointless...the obvious strategy is just offer $1 until you reach the price floor.
by menriquez 12y ago
dumb...pointless...the obvious strategy is just offer $1 until you reach the price floor.
- lucb1e 12y ago> the obvious strategy is just offer $1 until you reach the price floor. Fair enough, but... > dumb...pointless... Really? Did you read the question "how likely are you to remember this shop?" below the experiment? Because I totally would remember this and am much more likely to return at a later time.
- menriquez 12y ago> Because I totally would remember this and am much more likely to return at a later time. i would totally remember what a waste of my time it was, so yes in that sense you are right.
- QuasiAlon 12y agoa strategy that won't get you the floor price ...