Robin Hanson, <hanson@econ.berkeley.edu>, writes:
> The rationality of rejecting an offer depends on when you consider the
> choice. Considered at the time of the offer, it seems irrational. But
> considered before the game is played, it can be rational to commit to
> having a policy of not accepting small offers. It seems that our
> genes have committed us in many ways to policies that many not be rational
> at the time, but that are rational if you stand farther back.
Does this work though even in situations where you can't communicate
your commitment? It would seem that there is no benefit to sticking to
your policy when faced with the actual offer, given that it's a one shot
game.
Hal
Received on Thu Apr 9 00:21:39 1998
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