Emergic: Rajesh Jain's Blog

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The Deadly Arms Game – Part 2

November 9th, 2010 · 8 Comments

Around the time of the Kargil war in July 1999, this is what Atanu Dey wrote in an article entitled “Dollar Auctions and Deadly Games“: One enlightening model of human behavior is the so-called “Dollar Auction” which illustrates the sort of trap that conflicts can lead to with costly consequences. This auction proceeds much as […]

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