Abstract

This paper analyzes varieties and similarities of the simple Chicken Game and the War of Attrition Game. We extend the Chicken Game to a con-tinuous environment and find a simple parameterization that connects the two models. The War of Attrition Game typically has many equilibria. By contrast, the continuous Chicken Game does not have any Nash Equi-librium- neither in pure nor in mixed strategies. In an extension we mix the two models. We emphasize that for continuous games the definition of a Nash Equilibrium is not weak enough to guarantee equilibrium existence.