Stag hunt , Game Theory


The French thinker, Jean Jacques Rousseau, presented the subsequent state of affairs. 2 hunters will either jointly hunt a stag (an adult deer and rather massive meal) or individually hunt a rabbit (tasty, however substantially less filling). searching stags is kind of difficult and needs mutual cooperation. If either hunts a stag alone, the prospect of success is minimal. searching stags is most useful for society however needs lots of trust among its members.


There are 2 pure strategy equilibria. each players like one equilibrium to the opposite - it's each Pareto optimal and Hicks optimal. However, the inefficient equilibrium is a smaller amount risky because the payoff variance over the opposite player's methods is lower. Specifically, one equilibrium is payoff-dominant whereas the opposite is risk-dominant.


Hunter 2



Hunter 1







General Form

Player 2



Player 1







Where the following relations hold:
a > c >= d > b 
w > x >= z > y


Posted Date: 7/21/2012 5:08:15 AM | Location : United States

Related Discussions:- Stag hunt , Assignment Help, Ask Question on Stag hunt , Get Answer, Expert's Help, Stag hunt Discussions

Write discussion on Stag hunt
Your posts are moderated
Related Questions
Something in a very game is Mutual information if all players realize it. A seemingly straightforward concept, mutual information is insufficient to research most games, since it's

The most basic version of a LIV allows the executive office holder (Governor or President) to accept part of a bill passed by the legislature (so that part becomes law) and to veto

Any participant in a very game who (i)  contains a nontrivial set of methods (more than one) and (ii) Selects among the methods primarily based on payoffs. If a player is non

A collection of colluding bidders. Ring members comply with rig bids by agreeing to not bid against one another, either by avoiding the auction or by putting phony (phantom) bids

A payoff offerd as a bequest for someone partaking in some activity that doesn't directly provide her with profit. Often, such incentives are given to beat the ethical hazard drawb

consider the three player game in question 2 in assignment 1. Assume now that player 3 moves first. Players 1 and 2

GAME PLAYING IN CLASS GAME 1 Adding Numbers—Win at 100 This game is described in Exercise 3.7a. In this version, two players take turns choosing a number between 1 and 10 (inclus

A game tree (also referred to as the in depth form) may be a graphical illustration of a sequential game. It provides data concerning the players, payoffs, strategies, and also the

A multiunit auction mechanism for assigning heterogeneous (different) objects. The highest bidder in the first round selects one item among those offered for sale. Then, a second r

Assuming that there are only 2 airline companies in the world, Delta and US Airways, what is the ((Nash) Equilibrium) or price that each company in the following matrix will charge