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There's a stable solution if you can offer a credible pre-commitment. Instead of a tentative 50/50 split between Alice and Bob, they pre-commit to either voting
by ThrustVectoring 11y ago
There's a stable solution if you can offer a credible pre-commitment. Instead of a tentative 50/50 split between Alice and Bob, they pre-commit to either voting for a 50/50 split or voting for giving Carol the entire cake.
- cousin_it 11y agoYeah, if you reformulate the game to allow precommitment, it will have many Nash equilibria. But I think of it as a last resort, because it gives you too many solutions with no way to choose between them.