It introduces the ability for either party to make precommitments (page 130)
So it applies to perfectly rational agents.
and a four stage negotiation process.
A bit later he gives an alternate derivation.
The assumption in the actual document is that there is an umpire of some sort which can be relied on to enforce the pre-commitments.
So it applies to perfectly rational agents.
A bit later he gives an alternate derivation.
The assumption in the actual document is that there is an umpire of some sort which can be relied on to enforce the pre-commitments.