Sufficient Concession
If agent A makes a sufficient concession in the next step, then, assuming that agent B is using a rational negotiation strategy, if agent B does not concede in the next step, he must do so in the step after that. The set of all sufficient concessions of agent A at step t is denoted SC(A, t).
Read more about this topic: Zeuthen Strategy
Famous quotes containing the words sufficient and/or concession:
“Gen. Schurz thinks I was a little cross in my late note to you. If I was, I ask pardon. If I do get up a little temper I have no sufficient time to keep it up.”
—Abraham Lincoln (1809–1865)
“Let the amelioration in our laws of property proceed from the concession of the rich, not from the grasping of the poor. Let us understand that the equitable rule is, that no one should take more than his share, let him be ever so rich.”
—Ralph Waldo Emerson (1803–1882)