Leaving a final standing offer is a winning commitment tactic.
Evidence
To illustrate, suppose in the earlier cooperative game there is a turnstile that permits a player to leave but not to return; his current offer as he goes through the turnstile remains on the books until the bell rings. Now we have a means by which a player can make a “final” offer, a “commitment”; whoever can record an offer favorable to himself and known to the other, and leave the room, has the winning tactic. Of course it may win for either of them; but this may mean that we end up with something like a foot race, and the one closest to the turnstile wins. — Thomas C. Schelling, The Strategy of Conflict, 636
Categorization
- XREF: Directly models Schelling-style commitment mechanics (Godfather-bonds as credible commitments in Mafia arbitration) — the reader’s stated analytical frame. — connects to: Committing to a strategy can yield a better outcome than remaining uncommitted — Thomas C. Schelling, The Strategy of Conflict, 353; Commitment converts an indeterminate bargaining situation into a determinate two-move game — Thomas C. Schelling, The Strategy of Conflict, 289; First-mover advantage decides bargaining when commitments are costless and binding — Thomas C. Schelling, The Strategy of Conflict, 69
Related
- Committing to a strategy can yield a better outcome than remaining uncommitted (similarity 0.86)
- Commitment converts an indeterminate bargaining situation into a determinate two-move game (similarity 0.85)
- First-mover advantage decides bargaining when commitments are costless and binding (similarity 0.82)
- Commitment buys first move while threat commits to a second-move response strategy (similarity 0.80)
- One player’s promise can worsen the other player’s position (similarity 0.79)
Broader Connections
- Committing to a strategy can yield a better outcome than remaining uncommitted
#expands(0.85) — Thomas C. Schelling, The Strategy of Conflict, 353 - Commitment converts an indeterminate bargaining situation into a determinate two-move game
#expands(0.80) — Thomas C. Schelling, The Strategy of Conflict, 289 - First-mover advantage decides bargaining when commitments are costless and binding
#corroborates(0.75) — Thomas C. Schelling, The Strategy of Conflict, 69