Risk sensitivity, independence of irrelevant alternatives and continuity of bargaining solutions
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| Publication date | 1983 |
| Journal | Mathematical Social Sciences |
| Volume | Issue number | 4 |
| Pages (from-to) | 295-300 |
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| Abstract | Bargaining solutions are considered which have the following four properties: individual rationality, Pareto optimality, independence of equivalent utility representations, and independence of irrelevant alternatives. A main result of this paper is a simple proof of the fact that all such bargaining solutions are risk sensitive. Further a description is given of all bargaining solutions satisfying the four mentioned properties. Finally, a continuous bargaining solution, satisfying the first three properties, is given which is not risk sensitive. |
| Document type | Article |
| Published at |
https://doi.org/10.1016/0165-4896(83)90031-8
(Final published version)
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