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N-Player Final-Offer Arbitration: Harmonic Numbers in Equilibrium
Abstract We consider how a mechanism of final-offer arbitration may be applied to a negotiation between N players attempting to split a unit of wealth. The game model is defined where the arbitrator chooses a fair split from a Dirichlet distribution. For the case of a uniform probability distribution the equilibrium strategy is found as a function of the Harmonic numbers.
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