In the traditional Nash bargaining setup you evaluate people’s utilities in options relative to the default scenario, and only consider options that make everyone at least as well off. This makes it individually rational for everyone to participate because they will be made better off by the bargain. That’s different from, say, range voting.
In the traditional Nash bargaining setup you evaluate people’s utilities in options relative to the default scenario, and only consider options that make everyone at least as well off. This makes it individually rational for everyone to participate because they will be made better off by the bargain. That’s different from, say, range voting.