In the real world, solutions 2,3, and 4 are commonly practiced.
Also, since many bargains are repeated, there’s generally some moderate form of reprisal (ranging from increased skepticism to attacks on reputation) for negotiation partners who successfully exploit ignorance too much.
In the real world, solutions 2,3, and 4 are commonly practiced.
Also, since many bargains are repeated, there’s generally some moderate form of reprisal (ranging from increased skepticism to attacks on reputation) for negotiation partners who successfully exploit ignorance too much.