ECON 1108 Lecture 2: Econ 1108 Lecture 2
Document Summary
Authors provide empirical evidence that the serve and return play of famous tennis players is consistent with the most commonly used equilibrium concept in game theory, namely the nash equilibrium concept. They use data from professional tennis matches to test for ne play. This is a famous study because players arent motivated. The marriage matching algorithm developed by gale and shapley (1962) Suppose there are 10 men and 10 women. Step 1: each man ranks the women, each women ranks men. Step 2: each man proposes to his top ranked woman. Step 3: each woman who has been proposed to tentatively accepts one proposal. Step 4: each man who does not have a tentative match proposes to his second choice. Step 5: each women who is proposed in step 4 accepts one proposal or stays with tentative partner. Step 6: continues until everyone is paired off.
