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26 relations: Abhinay Muthoo, Bargaining problem, Bazaar, Car, Chronology, Dicker (disambiguation), Discounts and allowances, Economic surplus, Edward Tsang, Evolutionary computation, Fixed price, Group buying, Indonesia, Intra-household bargaining, Kübler-Ross model, Marketplace, Nash equilibrium, Negotiation, Pareto efficiency, Price discrimination, Prisoner's dilemma, Retail, Supermarket, Thailand, University of Essex, Von Neumann–Morgenstern utility theorem.
Abhinay Muthoo
Abhinay Muthoo is the Dean of Warwick in London, a role which will enhance the University of Warwick's presence in the capital.
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Bargaining problem
The two-person bargaining problem studies how two agents share a surplus that they can jointly generate.
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Bazaar
A bazaar is a permanently enclosed marketplace or street where goods and services are exchanged or sold.
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Car
A car (or automobile) is a wheeled motor vehicle used for transportation.
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Chronology
Chronology (from Latin chronologia, from Ancient Greek χρόνος, chrónos, "time"; and -λογία, -logia) is the science of arranging events in their order of occurrence in time.
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Dicker (disambiguation)
To dicker is to bargain.
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Discounts and allowances
Discounts and allowances are reductions to a basic price of goods or services.
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Economic surplus
In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus (after Alfred Marshall), refers to two related quantities.
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Edward Tsang
Edward Tsang is a Computer Science professor at the University of Essex.
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Evolutionary computation
In computer science, evolutionary computation is a family of algorithms for global optimization inspired by biological evolution, and the subfield of artificial intelligence and soft computing studying these algorithms.
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Fixed price
The term fixed price is a phrase used to mean the price of a good or a service is not subject to bargaining.
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Group buying
Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase.
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Indonesia
Indonesia (or; Indonesian), officially the Republic of Indonesia (Republik Indonesia), is a transcontinental unitary sovereign state located mainly in Southeast Asia, with some territories in Oceania.
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Intra-household bargaining
Intra-household bargaining refers to negotiations that occur between members of a household in order to arrive at decisions regarding the household unit, like whether to spend or save, whether to study or work.
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Kübler-Ross model
The Kübler-Ross model (otherwise known as the five stages of grief) postulates a progression of emotional states experienced by both terminally ill patients after diagnosis and by loved-ones after a death.
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Marketplace
A market, or marketplace, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods.
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Nash equilibrium
In game theory, the Nash equilibrium, named after American mathematician John Forbes Nash Jr., is a solution concept of a non-cooperative game involving two or more players in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only their own strategy.
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Negotiation
Negotiation comes from the Latin neg (no) and otsia (leisure) referring to businessmen who, unlike the patricians, had no leisure time in their industriousness; it held the meaning of business (le négoce in French) until the 17th century when it took on the diplomatic connotation as a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues.
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Pareto efficiency
Pareto efficiency or Pareto optimality is a state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.
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Price discrimination
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are transacted at different prices by the same provider in different markets.
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Prisoner's dilemma
The prisoner's dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interests to do so.
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Retail
Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.
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Supermarket
A supermarket is a self-service shop offering a wide variety of food and household products, organized into aisles.
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Thailand
Thailand, officially the Kingdom of Thailand and formerly known as Siam, is a unitary state at the center of the Southeast Asian Indochinese peninsula composed of 76 provinces.
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University of Essex
The University of Essex is a public research university in Essex, England.
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Von Neumann–Morgenstern utility theorem
In decision theory, the von Neumann-Morgenstern utility theorem shows that, under certain axioms of rational behavior, a decision-maker faced with risky (probabilistic) outcomes of different choices will behave as if he or she is maximizing the expected value of some function defined over the potential outcomes at some specified point in the future.
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References
[1] https://en.wikipedia.org/wiki/Bargaining
