The hedgehog’s dilemma

Alvaro Sandroni

Journal of Mathematical Economics, 2019, vol. 82, issue C, 184-196

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.

Keywords: Emotion; Distance; Mixed strategy (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:82:y:2019:i:c:p:184-196

DOI: 10.1016/j.jmateco.2019.02.005

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