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Boosted by jwz:
cstross@wandering.shop ("Charlie Stross") wrote:
Footnote: the reason Trump is non-serious about business is because Trump doesn't understand how real businesses work. He thinks like a mobster, or a real estate salesman: all customer interactions are a prisoner's dilemma with no iteration (how many times a month do you buy an office block from the same salesman?!?) so *of course* "always defect" is a winning game-theoretical strategy.
But in the real world, most businesses are built on repeat trade. And Trump has never experienced this.