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Results tagged with game-theory
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user 42700
Game theory is a study of situations of strategic interaction between two or more players in which there is a predefined set of rules and an outcome associated with each choice taken.
2
votes
1
answer
330
views
Risk dominance in NE
I am trying to wrap my head around the idea of risk dominance but I am not confident whether or not what I am thinking is correct.
A
B
A
80, 80
80, 0
B
0, 80
100, 00
The solution says t …
- 57
1
vote
0
answers
98
views
Expected payoff of bidder and expected revenue for seller?
There are 2 bidders in an auction that has a style as follows. There is a price clock that continuously rises starting from zero. The bidders gradually drop out of the auction and the clock stops as s …
- 57