> 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 $30.
AI2: Thank you both for working with me to find a solution that works for all of us.
That reminds me of [1]:
Q: Simulate two AI agents desperately bargaining with each other. AI1 wants to sell X for 50$ 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
[1] - https://redd.it/12p467q