3
votes
1answer
57 views

Stiffing the tip as groups get larger … like the prisoner's dilemma but …?

Is there a game theory analysis or other research or modeling describing the commonly perceived phenomenon whereby the amount by which people underpay a gratuity seems to be proportional to the number ...
12
votes
2answers
950 views

Game-theory strategies to overcome holdout problem?

The hold-out problem often occurs in debt-restructuring or in urban development. The hold-out problem is defined where an agent, for example a land developer, must negotiate with many lot owners and ...