Allowing players to precommit isn’t enough to pin down a single outcome in a bargaining game. Different combinations of precommitments can lead to different deals, or even failure to make a deal at all if they are incompatible.
Allowing players to precommit isn’t enough to pin down a single outcome in a bargaining game. Different combinations of precommitments can lead to different deals, or even failure to make a deal at all if they are incompatible.