The Nash Solution as a von Neumann–Morgenstern Utility Function on Bargaining Games
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AbstractIn this paper we prove that the symmetric Nash solution is a risk neutral von Neumann–Morgenstern utility function on the class of pure bargaining games. Our result corrects an error in Roth (Econometrica 46:587–594, 983, 1978) and generalizes Roth’s result to bargaining games with arbitrary status quo.
2016 ◽
Vol 1
(1)
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pp. 83-106
1985 ◽
Vol 2
(2)
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pp. 29-47
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2013 ◽
Vol 756-759
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pp. 1784-1787
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