Virtual bargaining: a theory of social decision-making

@article{Misyak2014VirtualBA,
  title={Virtual bargaining: a theory of social decision-making},
  author={Jennifer Misyak and Nick Chater},
  journal={Philosophical Transactions of the Royal Society B: Biological Sciences},
  year={2014},
  volume={369}
}
  • Jennifer Misyak, N. Chater
  • Published 5 November 2014
  • Economics
  • Philosophical Transactions of the Royal Society B: Biological Sciences
An essential element of goal-directed decision-making in social contexts is that agents' actions may be mutually interdependent. However, the most well-developed approaches to such strategic interactions, based on the Nash equilibrium concept in game theory, are sometimes too broad and at other times ‘overlook’ good solutions to fundamental social dilemmas and coordination problems. The authors propose a new theory of social decision-making—virtual bargaining—in which individuals decide among a… 

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