Comment on How Game Theory Solved a Religious MysteryparentComments−DannoHung16yWhat about the situations where the 300 or 200 lender made the loans first though?−tlholaday16yA lending contract can specify that all subsequent loans be subordinate, so the lender who lent first had the option of making such a specification.
Comments
What about the situations where the 300 or 200 lender made the loans first though?
A lending contract can specify that all subsequent loans be subordinate, so the lender who lent first had the option of making such a specification.