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3. Symbolic gestures like bowing or apologizing can cause a shift from one equilibrium to another. For instance, an apology might lead the involved parties
3. Symbolic gestures like bowing or apologizing can cause a \shift" from one equilibrium
to another. For instance, an apology might lead the involved parties to expect that the
person who transgressed does not have the ight? to commit similar transgressions in
the future with impunity. In what sense is this expectation \self fullling"? Explain
using the hawk-dove game, and make reference to \uncorrelated asymmetries".
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