Question
Consider the game of chicken in Section 12.2.1 (Two teenagers, players 1 and 2, have borrowed their parents' cars and decided to play the game
Consider the game of chicken in Section 12.2.1 (Two teenagers, players 1 and 2, have borrowed their parents' cars and decided to play the game of chicken as follows: They drive toward each other in the middle of astreet, and just before impact they must simultaneously choose whether to be chicken and swerve to the right, or continue driving head-on) with the parameters R = 8, H = 16, and L = 0 as described there. A preacher, who knows some game theory, decides to use this model to claim that moving to a society in which all parents are lenient will have detrimental effects on the behavior of teenagers. Does equilibrium analysis support this claim? What ifR = 8, H = 0, and L = 16?
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