This paper may be read in two different ways. It can be seen as a contribution to the literature on the evolution of bargaining conventions. (See, for example, Young .) Those who are interested only in this aspect of the paper will wish to read only Section 2. However, the chief motivation for writing the paper is to round off a philosophical point about the evolution of utilitarianism raised in an earlier paper (Binmore ).
Nash Equilibrium Common Knowledge Social Contract Common Understanding Actual Player
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