This is much like a game I saw: the experimenter auctions off $20, with the catch that the second highest bidder has to pay whatever they bid. I think the intent of the example was that there are some games where the only winning strategy is not to play, but I think it fits into sunk cost well, too.
This is much like a game I saw: the experimenter auctions off $20, with the catch that the second highest bidder has to pay whatever they bid. I think the intent of the example was that there are some games where the only winning strategy is not to play, but I think it fits into sunk cost well, too.