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There are one hundred and one strict Nash equilibria in the division game in which claims on a dollar must be denominated in pennies. Suppose
There are one hundred and one strict Nash equilibria in the division game in which claims on a dollar must be denominated in pennies. Suppose members of a large population were randomly paired to play a series is the only ESS in pure strategies. Does this fact help explain why landlord-share-cropper shares tend to be fifty-fifty? Why or why not? Are there additional pure strategy equilibria in this case, that is, equilibria that make use of the farmer/landlord asymmetry?
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