Audios
Sequential games: moral hazard, incentives, and hungry lions [Game theory]
Autor
Polak, Ben
Resumen
Presents a class with professor at Yale University, Ben Polak. In this class, professor Polak suggests a game which the borrower will not repay a large loan and then analysis using "backward induction." Professor Ben and his students discuss two possibles remedies for this kind of problem considering commitment strategies such as burning boats Educação Superior::Ciências Sociais Aplicadas::Economia