This article is part of WikiProject Game theory, an attempt to improve, grow, and standardize Wikipedia's articles related to
Game theory. We need your help! Join in |
Fix a red link |
Add content |
Weigh inGame theoryWikipedia:WikiProject Game theoryTemplate:WikiProject Game theorygame theory articles
This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of
Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles
No, because it's not true. (If you and I are in a dollar auction and I know that your strategy is not to bid, then it's optimal for me to bid; I'll receive the prize for a pittance.) A more correct warning would be, don't participate in an all-pay auction without taking into account that it is an all-pay auction -- but that's self-evident, isn't it?
Joule36e5 (
talk)
04:25, 12 January 2013 (UTC)reply
This article is part of WikiProject Game theory, an attempt to improve, grow, and standardize Wikipedia's articles related to
Game theory. We need your help! Join in |
Fix a red link |
Add content |
Weigh inGame theoryWikipedia:WikiProject Game theoryTemplate:WikiProject Game theorygame theory articles
This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of
Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles
No, because it's not true. (If you and I are in a dollar auction and I know that your strategy is not to bid, then it's optimal for me to bid; I'll receive the prize for a pittance.) A more correct warning would be, don't participate in an all-pay auction without taking into account that it is an all-pay auction -- but that's self-evident, isn't it?
Joule36e5 (
talk)
04:25, 12 January 2013 (UTC)reply