Risk
Risk(A,t) is a measurement of agent A's willingness to risk conflict. The risk function formalizes the notion that an agent's willingness to risk conflict is the ratio of the utility that agent would lose by accepting the other agent's proposal to the utility that agent would lose by causing a conflict. Agent A is said to be using a rational negotiation strategy if at any step t + 1 that agent A sticks to his last proposal, Risk(A,t) > Risk(B,t).
Read more about this topic: Zeuthen Strategy
Famous quotes containing the word risk:
“Men’s hearts are cold. They are indifferent. Not all the coal that is dug warms the world. It remains indifferent to the lives of those who risk their life and health down in the blackness of the earth; who crawl through dark, choking crevices with only a bit of lamp on their caps to light their silent way; whose backs are bent with toil, whose very bones ache, whose happiness is sleep, and whose peace is death.”
—Mother Jones (1830–1930)
“Kemmerick: He’s dead. He’s dead.
Katczinsky: Why did you risk your life bringing him in?
Kemmerick: But it’s Behm. My friend.
Katczinsky: It’s a corpse, no matter who it is.”
—Maxwell Anderson (1888–1959)
“Man is so muddled, so dependent on the things immediately before his eyes, that every day even the most submissive believer can be seen to risk the torments of the afterlife for the smallest pleasure.”
—Joseph De Maistre (1753–1821)