This feels like a variation of prisoners dilemma.
I think what you say is true for well established markets. In growing markets the incentive to capture market share may well override any profit considerations.
This feels like a variation of prisoners dilemma.
I think what you say is true for well established markets. In growing markets the incentive to capture market share may well override any profit considerations.
TFA is about game theory and the prisoner’s dilemma is one of the most basic examples of game theory, so this makes sense.