Self-optimality and efficiency in utility distortion games (Q1189702)

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scientific article; zbMATH DE number 57739
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    Self-optimality and efficiency in utility distortion games
    scientific article; zbMATH DE number 57739

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      Self-optimality and efficiency in utility distortion games (English)
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      27 September 1992
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      In social choice problems where players may strategically misrepresent their preferences, a profile of preferences is called self-optimal if reporting them is a Nash equilibrium given that they are the true preferences. Self-optimality can be interpreted as a very weak honesty requirement. The self-optimality concept is applied to a utility distortion game in the context of bargaining; this yields a characterization of efficient Nash equilibria.
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      efficiency
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      self-optimality
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      Nash equilibrium
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      utility distortion game
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      bargaining
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