Demonstrating the Possibility of Pareto Inferior Nash Equilibria
Nicolaas J. Vriend, Queen Mary and Westfield College, University of London
Journal of Economic Education, 2000, Vol. 31, No. 4, p. 358-362
Full paper (PDF format)
A simple classroom game can convince many students that some equilibria
of games that many of them consider to be completely `unreasonable'
can arise quite naturally.
Nick Vriend, firstname.lastname@example.org
Last modified 2012-12-07