posted on 1996-06-01, 00:00authored byJoseph B. Kadane
A characterization is given of diametrically opposed interests between two players: either
neither is a Bayesian, or both have a unique probability and utility function (up to the usual
transformation) or both have many possible probabilities and utilities. In the second case, their
utility functions must have representations that sum to zero, and they must have identical
probability distributions on every uncertain event in the space. Implications of this result for
negotiations and for game theory are discussed