Free Texts Pose Threat to Carriers
http://www.nytimes.com/2011/10/10/technology/paying-to-text-is-becoming-passe-companies-fret.html?_r=2 This article talks about the recent rapid development of free electronic text messaging and the threat it poses on the traditional text messaging services. In game theory, people will always select the strategy with the highest payoff. And the payoff equals to the difference between the valuation and the price people have to pay […]