JACIII Vol.24 No.5 pp. 589-592
doi: 10.20965/jaciii.2020.p0589


A New (Simplified) Derivation of Nash’s Bargaining Solution

Hoang Phuong Nguyen*,†, Laxman Bokati**, and Vladik Kreinovich**,***

*Division Informatics, Math-Informatics Faculty, Thang Long University
Nghiem Xuan Yem Road, Hoang Mai District, Hanoi, Vietnam

**Computational Science Program, University of Texas at El Paso
500 West University Avenue, El Paso, Texas 79968, USA

***Department of Computer Science, University of Texas at El Paso
500 West University Avenue, El Paso, Texas 79968, USA

Corresponding author

March 4, 2020
April 15, 2020
September 20, 2020
group decision making, Nash’s bargaining solution, partial order

According to the Nobelist John Nash, if a group of people wants to selects one of the alternatives in which all of them get a better deal than in a status quo situations, then they should select the alternative that maximizes the product of their utilities. In this paper, we provide a new (simplified) derivation of this result, a derivation which is not only simpler – it also does not require that the preference relation between different alternatives be linear.

Cite this article as:
H. Nguyen, L. Bokati, and V. Kreinovich, “A New (Simplified) Derivation of Nash’s Bargaining Solution,” J. Adv. Comput. Intell. Intell. Inform., Vol.24 No.5, pp. 589-592, 2020.
Data files:
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Last updated on Apr. 22, 2024