Demonstrating the Possibility of Pareto Inferior Nash Equilibria Nicolaas J. Vriend, Queen Mary and Westfield College, University of London Journal of Economic Education, 2000, Vol. 31, No. 4, p. 358-362 Full paper (PDF format) Abstract.
A simple classroom game can convince many students that some equilibria
of games that many of them consider to be completely `unreasonable'
can arise quite naturally. Nick Vriend, n.vriend@qmul.ac.uk Last modified 2012-12-07 |