Bargaining and boldness
Albert Burgos, Australian National University. Research School of Social Sciences. Economics Program, Australian National University. Faculty of Economics and Commerce
Faculty of Economics and Commerce, Australian National University, 1997 - Game theory - 25 pages
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1997 Simon Grant 1th element accept assume Atsushi Kajii Australian National University aversion to mean axioms bargainer i's bargaining game bargaining problem bilateral bargaining certainty effect certainty equivalent column compound lotteries concession condition continuous function defined denoted disagreement outcome Edgeworth box elementary lottery EMB outcome equally marginally bold exists expected utility theory fixed point game tree Grant and Kajii i's proposal implies indifference curve induced Laplace expansion Lemma marginally bold outcome matrix maximization mean preserving spreads mixed strategies multi-person multiplicatively separable Nash solution Nash's non-expected utility Notice ordinal Nash outcome preference relation preferences satisfy DICE probability of breakdown Proof of Lemma Proposition quasi-concave RDEU preferences risk of breakdown risk preferences Rubinstein Safra and Zilcha's sequence of SSPE Shaked's game SSPE outcome SSPE proposals stationary subgame perfect stochastic dominance strategy profile strictly increasing subgame perfect equilibrium Theorem two-person weak risk aversion weakly appeal