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Journal Article
The Hedgehog Dilemma
Journal of Mathematical Economics
Author(s)
This paper develops a basic model of closeness where people have optimal distances they want to keep from each other. When optimal distances differ, mixed strategies are inevitable in equilibrium. This may lead to unique and completely one-sided equilibrium outcomes where some cannot obtain anything except for what is best for others.
Date Published:
2019
Citations:
Sandroni, Alvaro. 2019. The Hedgehog Dilemma. Journal of Mathematical Economics. 184-196.