Instant Exit from the War of Attrition.
This paper takes a new look at the classic concession game. It argues that exit from an asymmetric war of attrition is likely to be instant. Selecting a unique equilibrium using a "craziness" pertubation device, it finds a notion of stochastic strength determines the outcome, with a stocha...
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| Format: | Working paper |
| Language: | English |
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Nuffield College (University of Oxford)
1999
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| _version_ | 1826259314930614272 |
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| author | Myatt, D |
| author_facet | Myatt, D |
| author_sort | Myatt, D |
| collection | OXFORD |
| description | This paper takes a new look at the classic concession game. It argues that exit from an asymmetric war of attrition is likely to be instant. Selecting a unique equilibrium using a "craziness" pertubation device, it finds a notion of stochastic strength determines the outcome, with a stochastically weaker player giving up immediately. |
| first_indexed | 2024-03-06T18:47:54Z |
| format | Working paper |
| id | oxford-uuid:0f2b5069-a670-4235-a2f7-232524e54ac8 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:47:54Z |
| publishDate | 1999 |
| publisher | Nuffield College (University of Oxford) |
| record_format | dspace |
| spelling | oxford-uuid:0f2b5069-a670-4235-a2f7-232524e54ac82022-03-26T09:49:48ZInstant Exit from the War of Attrition.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:0f2b5069-a670-4235-a2f7-232524e54ac8EnglishDepartment of Economics - ePrintsNuffield College (University of Oxford)1999Myatt, DThis paper takes a new look at the classic concession game. It argues that exit from an asymmetric war of attrition is likely to be instant. Selecting a unique equilibrium using a "craziness" pertubation device, it finds a notion of stochastic strength determines the outcome, with a stochastically weaker player giving up immediately. |
| spellingShingle | Myatt, D Instant Exit from the War of Attrition. |
| title | Instant Exit from the War of Attrition. |
| title_full | Instant Exit from the War of Attrition. |
| title_fullStr | Instant Exit from the War of Attrition. |
| title_full_unstemmed | Instant Exit from the War of Attrition. |
| title_short | Instant Exit from the War of Attrition. |
| title_sort | instant exit from the war of attrition |
| work_keys_str_mv | AT myattd instantexitfromthewarofattrition |