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arXiv · 1001.1065

Equilibrium solution to the lowest unique positive integer game

Abstract

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.

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Seung Ki Baek, Sebastian Bernhardsson. 2010-01-07. Equilibrium solution to the lowest unique positive integer game. https://doi.org/10.1142/s0219477510000071

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