Kidnapping model: an extension of Selten's game.

Abstract:

:Selten's game is a kidnapping model where the probability of capturing the kidnapper is independent of whether the hostage has been released or executed. Most often, in view of the elevated sensitivities involved, authorities put greater effort and resources into capturing the kidnapper if the hostage has been executed, in contrast with the case when a ransom is paid to secure the hostage's release. In this paper, we study the asymmetric game when the probability of capturing the kidnapper depends on whether the hostage has been executed or not and find a new uniquely determined perfect equilibrium point in Selten's game.

journal_name

R Soc Open Sci

authors

Iqbal A,Masson V,Abbott D

doi

10.1098/rsos.171484

subject

Has Abstract

pub_date

2017-12-06 00:00:00

pages

171484

issue

12

issn

2054-5703

pii

rsos171484

journal_volume

4

pub_type

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