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

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Self-optimality and efficiency in utility distortion games
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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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