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endoself comments on Econ/Game theory question - Less Wrong Discussion

12 Post author: Psychohistorian 11 May 2011 08:17PM

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Comment author: endoself 11 May 2011 10:31:54PM 0 points [-]

It introduces the ability for either party to make precommitments (page 130)

So it applies to perfectly rational agents.

and a four stage negotiation process.

A bit later he gives an alternate derivation.

Comment author: wedrifid 12 May 2011 04:48:23AM 0 points [-]

So it applies to perfectly rational agents.

The assumption in the actual document is that there is an umpire of some sort which can be relied on to enforce the pre-commitments.

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