Read on Twitter
In game theory there& #39;s a concept called Nash Equilibrium.
Each player chooses an integer from 1-100. A player whose number is closest to 2/3rd of the average integer selected by the other players wins.
Strategy starts with choosing no more than 67 and then its 2/3rd till..
Each player chooses an integer from 1-100. A player whose number is closest to 2/3rd of the average integer selected by the other players wins.
Strategy starts with choosing no more than 67 and then its 2/3rd till..
All boils down to 1. Everybody is a winner at 1. No difference between anyone& #39;s answers.
This results in everybody having an incentive to stay the equilibrium& #39;s course and not deviate from it.
We can see multiple products now in which Nash Equilibrium has been achieved.
This results in everybody having an incentive to stay the equilibrium& #39;s course and not deviate from it.
We can see multiple products now in which Nash Equilibrium has been achieved.
All cars now look the same:
All TVs now look the same:
All mobile phones now look the same:
New buildings all look the same:
