A remark on bargaining and non-expected utility

被引：0

作者：

Volij, O ^{[1
]}

机构：

[1] Iowa State Univ Sci & Technol, Dept Econ, Ames, IA 50011 USA

来源：

MATHEMATICAL SOCIAL SCIENCES | 2002年 / 44卷 / 01期

关键词：

bargaining; compound lotteries; dynamic consistency;

D O I：

10.1016/S0165-4896(02)00009-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We show that a bargaining game of alternating offers with exogenous risk of breakdown and played by dynamically consistent non-expected utility maximizers is formally equivalent to Rubinstein's [Econometrica 50 (1982) 97] game with time preference. Within this game, the behavior of dynamically consistent players is indistinguishable from the behavior of expected utility maximizers. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：17 / 24

页数：8

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