Rushes in Large Timing Games



Download 2.43 Mb.
Page1/1189
Date15.02.2018
Size2.43 Mb.
  1   2   3   4   5   6   7   8   9   ...   1189


Anderson, A., et al. (2017). "Rushes in Large Timing Games." Econometrica 85(3): 871-913.

We develop a continuum player timing game that subsumes standard wars of attrition and pre‐\emption games, and introduces a new rushes phenomenon. Payoffs are continuous and single‐\peaked functions of the stopping time and stopping quantile. We show that if payoffs are hump‐\shaped in the quantile, then a sudden “rush” of players stops in any Nash or subgame perfect equilibrium.

Fear relaxes the first mover advantage in pre-emption games, asking that the least quantile beat the average; greed relaxes the last mover advantage in wars of attrition, asking just that the last quantile payoff exceed the average. With greed, play is inefficiently late: an accelerating war of attrition starting at optimal time, followed by a rush.  With fear, play is inefficiently early: a slowing pre-emption game, ending at the optimal time, preceded by a rush. The theory predicts the length, duration, and intensity of stopping, and the size and timing of rushes, and offers insights for many common timing games.




Share with your friends:
  1   2   3   4   5   6   7   8   9   ...   1189


The database is protected by copyright ©psyessay.org 2017
send message

    Main page
mental health
health sciences
gandhi university
Rajiv gandhi
Chapter introduction
multiple choice
research methods
south africa
language acquisition
Relationship between
qualitative research
literature review
Curriculum vitae
early childhood
relationship between
Masaryk university
nervous system
Course title
young people
Multiple choice
bangalore karnataka
state university
Original article
academic performance
essay plans
social psychology
psychology chapter
Front matter
United states
Research proposal
sciences bangalore
Mental health
compassion publications
workplace bullying
publications sorted
comparative study
chapter outline
mental illness
Course outline
decision making
sciences karnataka
working memory
Literature review
clinical psychology
college students
systematic review
problem solving
research proposal
human rights
Learning objectives
karnataka proforma