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A feasible outcome is (weakly) Pareto efficient if there is no other feasible outcome that all the players prefer. Explain why only the outcome ,
A feasible outcome is (weakly) Pareto efficient if there is no other feasible outcome that all the players prefer.
- Explain why only the outcome , isn't Pareto efficient in the Grade Game as Prisoner's Dilemma (Wednesday's class).
- What are the Pareto-efficient outcomes in the Stag Hunt Game pictured below?
| Dove | Hawk | |
| Dove | 18 18 | 16 8 |
| Hawk | 8 16 | 9 9 |
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Hostile Money Currencies In Conflict
Authors: Paul Wilson
1st Edition
075099178X, 9780750991780
