Yeah, but if everyone follows that advice then we're back to square one | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		wimlard on July 2, 2009 \| parent \| context \| favorite \| on: Will your Michael Jackson tickets be worth more th... Yeah, but if everyone follows that advice then we're back to square one

byrneseyeview on July 2, 2009 [–]

No, it depends on the number of iterations the average person expects the average person to expect the average person to go through.

See: http://www.people.fas.harvard.edu/~hauert/research/gamelab/t... for an estimate of how many iterations that is.

And http://en.wikipedia.org/wiki/Keynesian_beauty_contest for way more.

Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact