We present a game-theoretic model of bargaining over a metaphor in the context of political communication, ﬁnd its equilibrium, and use it to rationalize observed linguistic behavior. We argue that game theory is well suited for modeling discourse as a dynamic resulting from a number of conﬂicting pressures, and suggest applications of interest to computational linguists.
After reading this chapter, you should be able to: Describe what is meant by collective bargaining and labor relations; identify the labor relations, goals of management, labor unions, and society; explain the legal environment's impact on labor relations;...
SHORT STORY BY O’HENRY
A Blackjack Bargainer
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The formal theory of bargaining originated with John Nash’s work in the
early 1950s. In this book we discuss two recent developments in this theory.
The first uses the tool of extensive games to construct theories of bargaining
in which time is modeled explicitly. The second applies the theory of
bargaining to the study of decentralized markets.
We do not attempt to survey the field. Rather, we select a small number
of models, each of which illustrates a key point.