The Game Theory of Ransoms: If your loved one was being held for ransom, would you pay? Conversely, if you are the kidnapper, would you release the hostage once you receive payment?
The Game Theory of Ransoms: If your loved one was being held for ransom, would you pay? Conversely, if you are the kidnapper, would you release the hostage once you receive payment?
Are you planning on setting up a kidnapping business?
You better release the hostages, or you can only do this once. If you want a recurring business model people have to have confidence you will keep your end of the bargain
I read some ransom plots throught the internet and I'm like "Why would the kidnappers even release the hostages if they already got the ransom money?"
🤔
If you look at the places where they treat it like a business, they release the hostages so they can continue doing the business. If you start killing the hostages, or not releasing them, your next victim won't pay. What's the point?
I don't think so.
You rather need confidence you will always stay so much more powerful than the "other side" that you will always be able to milk them. And maybe think about preparing your retirement in time.