post by [deleted] · · ? · GW · 0 comments

This is a link post for

0 comments

Comments sorted by top scores.

comment by Nisan · 2013-03-26T01:11:03.324Z · LW(p) · GW(p)

test please ignore

Replies from: Nisan
comment by Nisan · 2020-07-13T04:03:22.664Z · LW(p) · GW(p)

Von Neumann and Morgenstern [LW · GW] also classify the two-player games, but they get only two games, up to equivalence. The reason is they assume the players get to negotiate beforehand. For them the only properties that matter are:

  • The maximin value , which represents each player's best alternative to negotiated agreement (BATNA).

  • The maximum total utility .

There are two cases:

  1. The inessential case, . This includes the Abundant Commons with . No player has any incentive to negotiate, because the BATNA is Pareto-optimal.

  2. The essential case, . This includes all other games in the OP.

It might seem strange that VNM consider Cake Eating to be equivalent to Prisoner's Dilemma. But in the VNM framework, Player 1 can threaten not to eat cake in order to extract a side payment from Player 2, just and this is the same as threatening to defect.

Replies from: Nisan
comment by Nisan · 2020-07-13T04:10:20.223Z · LW(p) · GW(p)
  • item
    • subitem
    • subitem
  • item