I'll start with committing not to withdraw money my company [redacted] holds in the bank.
We stand by SVB.
I invite others to do the same.
I'll start with committing not to withdraw money my company [redacted] holds in the bank.
We stand by SVB.
I invite others to do the same.
To the extent that this is a single bank run and the other actors are mostly anonymous and there is no way to verify whether or not someone has withdrawn their money then yeah this is a classic prisoner's dilemma and your only hope is to quickly get in line.
However, trying to change the game is also a viable strategy! Public non-anonymized commitments like this are exactly how you tie this into our broader iterated game and escape the nasty equilibrium of prisoner's dilemma.
Makes me feel kind of jaded to be honest. But maybe that’s the problem with society. Maybe we all just need to band together and not be swallowed by despair. Screw it - I also pledge to not withdraw any of my 0$ from SVB.
I pledge to not take out another loan.