Showing posts with label
Nash Equilibrium
.
Show all posts
Showing posts with label
Nash Equilibrium
.
Show all posts
Thursday, April 9, 2009
Econ 101: Nash Equilibrium in a Non-Cooperative Single-Shot Game
Via Greg Mankiw, a wonderful illustration of almost the precise game I used to describe
the no stop sign intersection
. The outcome is ... predictable.
What would you have done? Are you sure?
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