> Imagine a town with two widget merchants. Customers prefer cheaper widgets, so...

		jellicle 5 days ago \| parent \| context \| favorite \| on: The game theory of how algorithms can drive up pri... > Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price. Imagine a town with two widget merchants. The two go out to dinner one night, and next week they both double their prices. Both widget merchants are pleased.