Daniëls, Tijmen; Jager, Henk; Klaassen, Franc - Sonderforschungsbereich Ökonomisches Risiko <Berlin>
¯†
ut¡†
sj t (x, bkt (x)) d x for all j,k 2[0,1].
An equilibrium of the model is a joint strategy profile such that three …
strategies. Let i be a speculator. A threshold strategy for speculator i is a strategy, characterised
by a threshold value x …, such that i attacks if and only if xi t ‚ x. A joint threshold strategy
around x is a (symmetric) joint strategy profile …