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of Economic Behavior & Organization, 1(1), 39-60. Thomson, J. J. (1976). Killing, letting die, and the trolley problem. The Monist, 59(2), 204-217. Tirole, J. (1988). The theory of industrial organization. Cambridge, MA: MIT Press. Trivers, R. (2011). The folly of fools: The logic of deceit and self-de
Page: HOUSE_OVERSIGHT_015528 →been applied in situations where players are ratio- nal decision makers who deliberately maximize their payoffs, such as pricing decisions of firms (Tirole, 1988) or bidding in auctions (Milgrom & Weber, 1982). In these contexts, behavior is expected to be consistent with a Nash equilibrium, otherwise on
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