Bonus

A 2011 paper by Gregory Egorov and Konstantin Sonin used game theory to show that dictators’ advisors exhibit a “tradeoff” between competence and this trait. For 10 points each:
[10m] Name this trait. It ends the title of a book in which Albert O. Hirschman wrote that critics within an organization may use the strategies of Exit or Voice.
ANSWER: loyalty [accept loyalty-competence tradeoff; accept Exit, Voice, and Loyalty]
[10e] The paper imagines a dictator drafting one of these agreements for a vizier. In common law, these things are enforceable only if they involve an offer and an acceptance.
ANSWER: contracts [accept incentive contracts]
[10h] Egorov and Sonin argue that “less sure succession leads to less competent agents” because the dynamic game has a unique one of these solutions, in which each player’s best response depends only on payoff-relevant variables in the current state, not the game’s full history.
ANSWER: Markov perfect equilibrium [or Markov perfect Nash equilibrium; prompt on subgame perfect equilibrium; prompt on Nash equilibrium; prompt on Markovian equilibrium or Markovian strategies; prompt on memoryless Nash equilibrium by asking “that trait is usually present in what type of equilibria?”]
<Social Science>
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Summary

TournamentExact Match?HeardPPBEasy %Medium %Hard %
2025 ACF NationalsYes2415.00100%50%0%