We examine an Outside Option Game in which player I submits a claim for a share of a cake while player II simultaneously either makes a claim or chooses to opt out. If player II opts out, then she receives an opt-out payment while player I receives nothing. If player II opts in and if the claims...

This paper develops an approach to equilibrium selection in game theory based on studying the equilibriating process through which equilibrium is achieved. The differential equations derived from models of interactive learning typically have stationary states that are not isolated. Instead, Nash...

This lecture is a brief overview of an evolutionary theory of fairness. The ideasare fleshed out in a book Natural Justice, which is itself a condensed versionof an earlier two-volume book Game Theory and the Social Contract (Binmore[14, 12, 13])...