A BARGAIN PURCHASE GAIN OR NEGATIVE GOODWILL?

A Faustian bargain?

Few advances in science and technology have escaped the interests of the military—and indeed many have been fostered by those interests: for many years well over half of the uK’s r&D budget was directed towards weaponry, while military research in the former Soviet union virtually bankrupted civil society. Most weapons developments have engaged physics and chemistry, but the life sciences—not l...

Goodwill in a Great Society

Great Society. By Arthur Radford, Professor of Social Administration, University of Nottingham. Published by the National Council of Social Service, 26 Bedford Square, W.C.I. 19 pp. 2s. In a short but very comprehensive pamphlet, Professor Radford describes the revolution which in the past forty years " has turned from assistance to insurance and from insurance to assurance ", and the fundament...

Science and International Goodwill

Bargain over Joint Plans

This paper studies the problem of multi-agent planning in the environment where agents may need to cooperate in order to achieve their individual goals but they do so only if the cooperation is beneficial to each of them. We assume that each agent has a reward function and a cost function that determines the agent’s utility over all possible plans. The agents negotiate to form a joint plan thro...

Learning to bargain

This paper studies how children learn to bargain. We performed simple anonymous bargaining experiments with real payoffs with 256 children from age 8 to 18. Average offers by even the youngest children were close to the amount that maximized their expected monetary payoff. Furthermore offers and responses were similar to what others have reported for adults. The variance of proposals was higher...