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The Hedgehog Dilemma, Journal of Mathematical Economics
Abstract
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.
Type
Article
Author(s)
Date Published
2019
Citations
Sandroni, Alvaro. 2019. The Hedgehog Dilemma. Journal of Mathematical Economics.: 184-196.
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