Captain MacWhirr's Problem Revisited
Paul Schweinzer and
Makoto Shimoji
Discussion Papers from Department of Economics, University of York
Abstract:
This note analyzes the problem Captain MacWhirr faces in Joseph Conrad’s novel Typhoon as an implementation problem under incomplete information. We identify a sufficient condition under which each player has a unique rationalizable strategy. In this unique rationalizable outcome, truthful revelation by each player is observed.
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