Construct · 1 fields · 1 citations

Nash bargaining solution: a standalone construct

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Game theory

the bargaining outcome that maximizes the product of both parties' gains over their disagreement payoffs, derived from simple axioms.

In game theory, Nash bargaining solution refers to the bargaining outcome that maximizes the product of both parties' gains over their disagreement payoffs, derived from simple axioms. This meaning comes from Nash (1950) in Econometrica.[1]

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Nearby constructs

bargaining1 fields · 2 citationsanchor · game theory game2 fields · 3 citationsjingle · one word, two constructs product3 fields · 3 citationsjingle · one word, three constructs

References

Nash, J. F. (1950). The Bargaining Problem. Econometrica, 18(2), 155. https://doi.org/10.2307/1907266

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