Maximin bargaining solution
ID: maximin-bargaining-solution
For a finite two-person game, let be player 's security level payoff, obtained by maximizing its minimum expected payoff against the other player's actions. Apply the Nash bargaining solution to the convexified feasible payoff region with this disagreement point. This is the maximin bargaining solution. “Maximin” specifies the disagreement guarantees; the arbitration objective function remains the Nash product, not the minimum of two numerically incomparable utilities.
New to topics? Read the docs here!