How burning money requires a lot of rationality to be effective
DOI10.1016/J.ECONLET.2011.11.044zbMATH Open1243.91082OpenAlexW2063166020MaRDI QIDQ433732FDOQ433732
Christian Seel, Philipp C. Wichardt
Publication date: 6 July 2012
Published in: Economics Letters (Search for Journal in Brave)
Full work available at URL: https://cris.maastrichtuniversity.nl/ws/files/64725864/Seel_2012_How_burning_money_requires.pdf
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Macroeconomic theory (monetary models, models of taxation) (91B64) Special types of economic markets (including Cournot, Bertrand) (91B54) Rationality and learning in game theory (91A26)
Cites Work
- Finite automata play the repeated prisoner's dilemma
- Signaling future actions and the potential for sacrifice
- Stable equilibria and forward induction
- Burning money and (pseudo) first-mover advantages: an experimental study on forward induction
- Existence of valuation equilibria when equilibrium strategies cannot differentiate between equal ties
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