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Vladimir_Nesov comments on A Problem About Bargaining and Logical Uncertainty - Less Wrong Discussion

23 Post author: Wei_Dai 21 March 2012 09:03PM

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Comment author: Vladimir_Nesov 23 March 2012 09:54:16PM *  2 points [-]

(continuing from here)

I've changed my mind back. The 10^20 are only on the table for the loser, and can be given by the winner. When the winner/loser status is unknown, a winner might cooperate, since it allows the possibility of being a loser and receiving the prize. But if the winner knows own status, it can't receive that prize, and the loser has no leverage. So there is nothing problematic about 10^20 becoming inaccessible: it is only potentially accessible to the loser, when the winner is weak (doesn't know own status), while an informed winner won't give it away, so that doesn't happen. Resolving logical uncertainty makes the winner stronger, makes the loser weaker, and so the prize for the loser becomes smaller.