The optimal strategy in the minimum effort game
type: Item
instance of: scholarly article
title: The optimal strategy in the minimum effort game
zbMATH Open document ID: 1418.91026
published in: Games
publication date: 2018-12-10T00:00:00Z
review text: Summary: A simple expression is derived for the optimal strategy in the minimum effort game. This maps from player beliefs to an optimal effort level. From this expression the set of Nash equilibria in the game is fully characterized. All Nash equilibria are symmetric and involve at most two actions being played with positive probability. We discuss how our expression for the optimal strategy can help inform on the comparative statics of a change in the number of players and effort cost benefit ratio.
Mathematics Subject Classification ID: 91A10
zbMATH DE Number: 6991156
zbMATH Keywords: weak link game
zbMATH Keywords: minimum effort game
zbMATH Keywords: Nash equilibrium
zbMATH Keywords: beliefs
author: Edward J. P. Cartwright
MaRDI profile type: Publication
full work available at URL: g9030042
OpenAlex ID: W2811197059
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DOI: 10.3390/G9030042
description: scientific article; zbMATH DE number 6991156