Comments on: The Revealed Intention Exchange

By: Signalling your intentions in secret « The thing about useful stuff is

Signalling your intentions in secret « The thing about useful stuff is — Fri, 07 Mar 2008 11:18:43 +0000

[...] your intentions in secret JP Rangaswami, on his blog confusedofcalcutta, posts on Orkut [...]

By: Anne 2.0 » Blog Archive » links for 2006-11-10

Anne 2.0 » Blog Archive » links for 2006-11-10 — Fri, 10 Nov 2006 23:35:12 +0000

[...] Confused Of Calcutta Â» Blog Archive Â» The Revealed Intention Exchange Declarative living for the timid. (tags: signalling intention social-software social-tools declarative-living) [...]

By: anant

anant — Thu, 09 Nov 2006 18:24:58 +0000

There is one application that I can think of immediately using the same principle — and I haven’t been able to find a flaw yet/ it takes care of Dominic’s concern on misuse.
Media houses and media buyers (who already have a relationship) is the one that comes to mind.
Media houses often have cancellations on inventory that would be embarrasing if unsold. Take the case in India, where the “front page solus” is a premium position, and a bellwether of the newspaper’s success.
In the event of a cancellation (which does happen every now and then), pre-registered release orders which already indicate the “crush” could come into play.
For the media house, no embarrasment in discounting a premium position by calling all and sundry (as happens today). For the buyer, a premium position at an attractive rate.
The principal works for TV as well. Airline tickets? Hotel rooms?
Lots of possibilities.

By: Lars Plougmann

Lars Plougmann — Thu, 09 Nov 2006 13:26:34 +0000

I suspect the association to sealed bid second price auctions was triggered by both of these being about acting your intentions. In the sealed bid second price auction the best strategy is to bid your reservation price. The Orkut crush gesture seems designed to avoid the potential embarrassment of declaring what they feel. Some similarity.

By: JP

JP — Thu, 09 Nov 2006 10:36:03 +0000

Exactly what I was thinking, I am sure there are a million reasons why not, but that’s why I worded it the way I did.

At least it’s something to think about. Once you think securities you can also think firms I suppose, invisible M&A intentions that get revealed only when there’s a match.

There’s something prisoner’s dilemma-ish about it, some issue of first-mover disadvantage that gets removed, which, like Lars said, I want to think more about. Which is why I left it all as an “I wonder” post.

By: Dominic Sayers

Dominic Sayers — Thu, 09 Nov 2006 10:18:37 +0000

Has it been tried in financial markets? I want to buy this security but I don’t want anybody to know about it until there is somebody who wants to sell it.

By: Lars Plougmann

Lars Plougmann — Thu, 09 Nov 2006 09:50:05 +0000

Revealed matched intentions. I agree it is clever. I want to draw parallels to second price sealed auctions but I haven’t fully thought it through yet.