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- W2086569762 abstract "According to this paper, the analysis of the Nash bargaining problem with risky outcomes must include the cases where the disagreement outcome itself is risky as well. Thus, one generalizes the Roth and Rothblum results to models with risky disagreement outcome as well. It turns out that their result will depend, in some cases, upon the «degree of change» in risk aversion. Particularly, when the potential agreement, has an outcome which makes player 2 worse off compared to the disagreement, and if the disagreement does not dominate that outcome (i.e., its support contains a worse outcome), then when player 2 becomes «sufficiently» more risk averse player 1 becomes better off. Thus one obotains that increase in risk aversion may be disadvantageous to player 2 even if the risky disagreement is preferred to some outcome of the (risky) agreement" @default.
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- W2086569762 date "1990-07-01" @default.
- W2086569762 modified "2023-09-24" @default.
- W2086569762 title "Risk Aversion in the Nash Bargaining Problem with Risky Outcomes and Risky Disagreement Points" @default.
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- W2086569762 doi "https://doi.org/10.2307/2938358" @default.
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