Coin flips are an absolutely inappropriate model for stag hunts; people choosing stag and rabbit are not independent in the way that coin flips are independent; that’s the whole point. Incentives drive everyone toward rabbit; agreements drive people toward stag. All of the reasoning descending from the choice to model things as coin flips is therefore useless.
Coin flips are an absolutely inappropriate model for stag hunts; people choosing stag and rabbit are not independent in the way that coin flips are independent; that’s the whole point. Incentives drive everyone toward rabbit; agreements drive people toward stag. All of the reasoning descending from the choice to model things as coin flips is therefore useless.