2010
DOI: 10.4284/sej.2010.76.4.1094
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The Deadliest of Games: The Institution of Dueling

Abstract: Recent historical research indicates that ritualistic dueling had a rational basis. Basically, under certain social and economic conditions, individuals must fight in order to maintain their personal credit and social standing. We use a repeated two-player sequential game with random matching to show how the institution of dueling could have functioned as a costly but incentive-compatible means by which individuals could demonstrate their good faith dealings by defending their ''honor.'' JEL Classification: C7… Show more

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Cited by 13 publications
(16 citation statements)
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“…In addition to Volckart's work, two recent papers (Allen and Reed, 2006;Kingston and Wright, 2010) have presented efficiency explanations for dueling. 3 However, these papers address only the motivation of a rational individual duelist and neglect the broader question of dueling as a transitional social institution, an issue that has been discussed extensively by social historians and legal scholars.…”
Section: The State Of Art On Duel Of Honor In Economic Literaturementioning
confidence: 99%
See 3 more Smart Citations
“…In addition to Volckart's work, two recent papers (Allen and Reed, 2006;Kingston and Wright, 2010) have presented efficiency explanations for dueling. 3 However, these papers address only the motivation of a rational individual duelist and neglect the broader question of dueling as a transitional social institution, an issue that has been discussed extensively by social historians and legal scholars.…”
Section: The State Of Art On Duel Of Honor In Economic Literaturementioning
confidence: 99%
“…32). Kingston and Wright (2010) neglected this transitional character, describing dueling as a signal about an unobservable intangible asset: personal creditworthiness. Their model assumes that an 'honorable' man is one who can be trusted to repay loans.…”
Section: The State Of Art On Duel Of Honor In Economic Literaturementioning
confidence: 99%
See 2 more Smart Citations
“…While some scholars have studied the pre-engagement decision of dueling (Kingston and Wright, 2010), in this paper we focus on how the dueling engagement decision is made in the presence of a conflictual situation between two agents. Borrowing upon Boulding (1962), our model assumes three main levels in decision-making, namely 1) the individual; 2) the group; and 3) the organization.…”
Section: A Modeled Theorymentioning
confidence: 99%