BoundedRationality_TheAdaptiveToolbox.pdf

316 WulfAlbers
concession steps in both directions (downward and upward). They thus minimized
the sum of concessions or equivalently selected the mean on the step scale
of prominence theory. The principle is again immediately obtained from the
principles of aggregation of utility, if one assumes that the initial positions of all
players should be used.
ACKNOWLEDGMENT
I thank Reinhard Selten for many discussions, comments, and ideas during the
process of developing the theory.
REFERENCES
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