Risk attitudes and the stag-hunt game

C-Tier
Journal: Economics Letters
Year: 2014
Volume: 124
Issue: 3
Pages: 323-325

Authors (1)

Büyükboyacı, Mürüvvet (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A stag-hunt game (with the risky and safe actions) has two pure Nash equilibria that are Pareto-rankable. The risky action leads either to the Pareto-superior equilibrium (high payoff) or to out of equilibrium (low payoff) depending on the opponent’s action. Both players may want to obtain high payoff but uncertainty about the opponent’s action may prevent them to take such strategic risk. This paper investigates how information about the risk attitude of an opponent affects a player’s action choice in the stag-hunt game. I find that although a subject’s propensity to choose the risky action depends on her opponent’s risk attitude, it does not depend on her own risk attitude.

Technical Details

RePEc Handle
repec:eee:ecolet:v:124:y:2014:i:3:p:323-325
Journal Field
General
Author Count
1
Added to Database
2026-01-25