Equilibrium solution to the lowest unique positive integer game
2010 (English)In: Fluctuation and Noise Letters, ISSN 0219-4775, E-ISSN 1793-6780, Vol. 9, no 1, 61-68 p.Article in journal (Refereed) Published
We address the equilibrium concept of a reverse auction game so that no one can enhance the individual payoff by a unilateral change when all the others follow a certain strategy. In this approach the combinatorial possibilities to consider become very much involved even for a small number of players, which has hindered a precise analysis in previous works. We here present a systematic way to reach the solution for a general number of players, and show that this game is an example of conflict between the group and the individual interests.
Place, publisher, year, edition, pages
World Scientific Publishing , 2010. Vol. 9, no 1, 61-68 p.
Lowest unique positive integer game, Nash equilibrium, social dilemma
Other Physics Topics Computational Mathematics
Research subject Theoretical Physics
IdentifiersURN: urn:nbn:se:umu:diva-30946DOI: 10.1142/S0219477510000071ISI: 000275470000006OAI: oai:DiVA.org:umu-30946DiVA: diva2:289099