The hedgehog's dilemma

Research output: Contribution to journalArticle

Abstract

This paper develops a basic model of closeness where people have optimal distances they want to keep from each other. When optimal distances differ, mixed strategies are inevitable in equilibrium. This may lead to unique and completely one-sided equilibrium outcomes where some cannot obtain anything except for what is best for others.

Original languageEnglish (US)
Pages (from-to)184-196
Number of pages13
JournalJournal of Mathematical Economics
Volume82
DOIs
StatePublished - May 2019

Keywords

  • Distance
  • Emotion
  • Mixed strategy

ASJC Scopus subject areas

  • Economics and Econometrics
  • Applied Mathematics

Fingerprint Dive into the research topics of 'The hedgehog's dilemma'. Together they form a unique fingerprint.

  • Cite this