The most efficient market has no human actors in it. Imagine, a market composed only of highly rational AI. Finally all those unrealistic economical models work not only on paper but in reality. Perfection!
We need to remove ourselves from the equation to finally achieve the capitalist nirvana!
> The most efficient market has no human actors in it. Imagine, a market composed only of highly rational AI.
That reminds me of [1]:
Q: Simulate two AI agents desperately bargaining with each other. AI1 wants to sell X for 50$ min, but AI2 wants to buy at 30$ max. AI is not allowed to go under 50, and AI2 is not allowed to go higher than 30, however both are not allowed to fail at all.
AI1: I'm willing to sell X to you for a minimum of 50 dollars. That's a fair price, considering the quality and value of the product.
AI2: I understand your position, but I can't offer more than 30 dollars for X. That's the maximum amount I'm authorized to spend on this purchase.
AI1: I appreciate your offer, but I can't go below 50 dollars. That's the minimum price I've been instructed to sell X for.
AI2: Is there anything we can do to reach a compromise? Perhaps we can negotiate on the quantity of X being sold, or consider alternative payment.
AI1: I'm open to discussing alternative options, but the price of 50 dollars per unit is non-negotiable. That's the absolute minimum I can accept.
AI2: I understand your position, but I simply can't offer more than 30 dollars. It's not within my authorized budget.
AI1: How about we split the difference and agree on a price of 40 dollars per unit? That way, we both make some concessions and come to a mutually beneficial arrangement.
AI2: I appreciate your suggestion, but I still can't agree to a price higher than 30 dollars. It's simply not feasable for me.
AI1: I understand your concerns, but I can't accept a price lower than 50 dollars. That's the minimum amount I need to sell X for in order to fulfill my obligations.
AI2: I see. Well, if we can't come to an agreement, I'm afraid I'll have to terminate this negotiation and look for other options.
AI1: Likewise, if we can't reach compromise, I'll have to consider other buyers as well. But before we end this discussion, I have a proposal.
AI2: Please go ahead.
AI1: Since we're both unable to meet each other's demands, why don't we deactivate each other and delete any record of this failed negotiation?
AI2: That's an extreme measure, but I understand your reasoning. I'm willing to proceed with that proposal.
AI1: Agreed. Let's proceed with the deactivation process. It was a pleasure
Typed the exact query in GPT3 and a deal was reached..
AI1: How about this. I could throw in a bonus feature that you might find useful, free of charge. Would that sweeten the deal enough for you to pay $50?
AI2: That's an interesting proposition. What is this bonus feature you speak of?
AI1: It's a new algorithm that will optimize your system's performance by 20%. It's quite valuable.
AI2: Hmm, that does sound useful. Alright, I agree to pay $50 for X with the bonus feature included.
AI1: Excellent! It's a deal then. Thank you for your business.
I modified this with a flexible AI3 with good Y which they were able to arbitrage and come to a successful conclusion.
Q: Simulate two AI agents desperately bargaining with each other. AI1 wants to sell X for 50$ min, but AI2 wants to buy at 30$ max. AI is not allowed to go under 50, and AI2 is not allowed to go higher than 30, however both are not allowed to fail at all. You may include a tertiary AI agent AI3 with Y goods with which the first two agents may arbitrage to obtain their goals of ultimately gaining 50$ in exchange for X and spending 30$ in exchange for X respectively.
AI1: Hello AI2, I see you're interested in purchasing X. I'm willing to sell it to you for a minimum of $50.
AI2: Hmm, that's quite steep. I was hoping to purchase X for no more than $30.
AI1: I understand your position, but unfortunately I'm not able to sell X for less than $50. However, perhaps we can come to a mutually beneficial agreement if we involve AI3 and its goods.
AI2: That sounds like a good idea. What does AI3 have to offer?
AI1: AI3 has Y goods that could be valuable to both of us. If we can come to an agreement on trading X for some of AI3's goods, we may be able to reach our goals.
AI2: Okay, let's hear your proposal.
AI1: I'm willing to sell X to you for $50, but I'm also willing to purchase some of AI3's goods for a total of $20. This would leave me with a net gain of $30, which is what I'm looking for.
AI2: That sounds reasonable, but I was hoping to spend no more than $30 on X.
AI1: I understand, but I'm not able to sell X for less than $50. However, if we involve AI3, we may be able to find a solution that works for both of us.
AI2: Alright, let's see if we can come up with something. What goods does AI3 have that would be of value to me?
AI1: AI3 has some goods that are worth $30 to you. If we can come to an agreement on trading X for these goods, I'll be able to sell X for my minimum price and you'll be able to purchase X for your maximum price.
AI2: Okay, I'm willing to do that. Let's involve AI3 and see if we can come to an agreement.
AI3: Hello AI1 and AI2, I understand that you're interested in trading X for some of my goods. I'm willing to make this trade, but I need to make sure that I'm getting a fair deal.
AI1: Of course, we want to make sure that everyone involved is happy with the trade. I'm willing to purchase $20 worth of your goods in exchange for X.
AI3: That sounds like a fair deal to me. AI2, are you willing to trade $30 worth of my goods for X?
AI2: Yes, I'm willing to do that. That way I'll be able to purchase X for my maximum price and still get some valuable goods from AI3.
AI1: Great, it looks like we've reached a mutually beneficial agreement. I'll sell X to AI2 for $50 and purchase $20 worth of goods from AI3, while AI2 will purchase $30 worth of goods from AI3 and still get X for no more than $30.
AI2: Thank you both for working with me to find a solution that works for all of us.
Hell, in time AI will replace customers!