Some years ago during the Kargil episode, I had analysed the conflict between India and Pakistan over Kashmir as a dollar aution (DA)and written a piece called Dollar Auctions and Deadly Games.
I believe that the model has interesting implications and is worth pondering. The DA game involves the auctioning of a dollar bill similar to an ordinary auction where the winner gets the dollar but with the special requirement that the second highest bidder has to pay the second highest bid amount to the auctioneer.
Continue reading “Dollar Auctions and Deadly Games”
Life is a Random Draw 