Hi! First post here. You might be interested in knowing that not only is the broken radio example isomorphic to “Chicken,” but there’s a real-life solution to the Chicken game that is very close to “destroying your receiver.” That is, you can set up a “committment” that you will, in fact, not swerve. Of course, standard game theory tells us that this is not a credible threat (since dying is bad). Thus, you must make your commitment binding, eg., by ripping out the steering wheel.
Hi! First post here. You might be interested in knowing that not only is the broken radio example isomorphic to “Chicken,” but there’s a real-life solution to the Chicken game that is very close to “destroying your receiver.” That is, you can set up a “committment” that you will, in fact, not swerve. Of course, standard game theory tells us that this is not a credible threat (since dying is bad). Thus, you must make your commitment binding, eg., by ripping out the steering wheel.
And it helps to do it first. Being the second player to rip out the steering wheel is a whole other matter.