khafra comments on Taking the awkwardness out of a Prenup - A Game Theoretic solution - Less Wrong

29 Post author: VijayKrishnan 22 May 2010 12:45AM

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Comment author: khafra 22 May 2010 12:41:59PM 3 points [-]

Schelling's introduction mentions that his work sits in a space between pure theoretical game theory and purely pragmatic or psychological bargaining. A pre-commitment is part of a bargaining process, so if you can pre-commit before the one you're bargaining with (not necessarily chronologically) you win. If you both pre-commit simultaneously, you both lose.

Comment author: John_Maxwell_IV 22 May 2010 07:24:48PM 2 points [-]

If you both pre-commit simultaneously, you both lose.

How about making a pre-commitment that only applies if the other person hasn't made one?

Comment author: Tenek 23 May 2010 06:13:58AM 0 points [-]

Because you need to know if they've made a commitment, and using old information can get you burned if as stated, you pre-commit simultaneously.

Comment author: John_Maxwell_IV 23 May 2010 07:02:20AM 1 point [-]

OK, then a pre-commitment that only applies if you have no solid information that the other person has one in effect. (I don't think those adjustments should have been difficult to make.) Makers of pre-commitments are incentivized to broadcast their commitments with credible info to back them up, right?