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Strategic Cost and ‘Matching Pennies’

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  • Justin Smith

Abstract

Evidence supports the contention that humans find it costly to carry out some sorts of strategies. Such costs are unlikely to be observed directly, but various models have been proposed to represent them. We discuss a method for testing the empirical worth of these models.

Suggested Citation

  • Justin Smith, 1999. "Strategic Cost and ‘Matching Pennies’," Working Papers 99-07-048, Santa Fe Institute.
    • Handle: RePEc:wop:safiwp:99-07-048
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    References listed on IDEAS

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