Economics, Econometrics and Finance
8 years ago

Unlocking Fairness in Bargaining Games: A Game-Changer for Cooperation

Cambridge University Press eBooks
Two-person simple bargaining games: the Nash solution
John C. Harsanyi

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The article discusses how two players in a game can agree on how to divide their rewards. They can use mixed strategies and have to agree on a specific reward. The researchers assume the reward space is limited and not a straight line. If it is a straight line, the game becomes noncooperative.