Dear Forest!
Binding agreements will not solve the problem completely I think. Assume
the situation is this, with 4 candidates A,B,C,D of which 3 (A,B,D) have
each received 1/3 of the vote, and with the following preferences over
lotteries:
A: A 100, C 80, BD 0
B: B 100, C 80, AB 0
D: D 100,
At 10:33 PM 9/5/2007, Forest W Simmons wrote:
As for the prisoner's dilemma problem, I wonder if the possibility of
defection could be eliminated by having trading parties sit down and
sign binding agreements during formal trading.
The concept that I was brought to by this discussion can be
