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Game theory applications. The Hawk Dove Game. Hawk Dove. Hawk Dove. My strategy will be . Hawk Dove. Hot Dogs on the beach . How do we minimize total travel cost of customers?. Hot Dogs on the beach . Equilibrium with 2 sellers. Hot Dogs on the beach .
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The Hawk Dove Game Hawk Dove Hawk Dove
My strategy will be • Hawk • Dove
Hot Dogs on the beach • How do we minimize total travel cost of customers?
Hot Dogs on the beach • Equilibrium with 2 sellers
Hot Dogs on the beach Equilibrium With 4 sellers
Hot Dogs on the beach Efficiency With 4 sellers
Campaign contributions • Two candidates, both seek to maximize campaign contributions. • Citizens favorite points uniformly distributed from left to right. • People contribute to their favorite candidate an amount that is proportional to how much they prefer this favorite.
Quote about a divisive American political in today’s news • "Every time she pops off, she excites her narrowing band of partisans and probably makes herself more money, but she further alienates everyone else," Jordan said to AP.
Liability models • Expected cost of accident depends on actions of both parties. • Efficiency conditions
Negligence with Contributory Negligence • Victim, perpetrator model. Find efficient actions. • What does contributory negligence rule impose? • Show that this is an equilibrium.
Extension of contributory negligence model • Interpret for collision model
Critique of contributory negligence model • What if court doesn’t know the loss function but participants do? • What about deaths and injury? You can’t pay undo them with payments. • What about auto collisions that simply depend on amount of driving?