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Essay text:
We have used the principles of game
theory to predict an equilibrium outcome relating to the use of prenuptial agreements and to
explain deviations from this outcome.
2 Background on Pre-marriage Agreements
A pre-marriage contract, also referred to as a prenuptial agreement or “ pre-nup,” is a legal contract
entered by both parties prior to marriage that defines expectations for behavior during the
marriage and sets guidelines for property division in the event of the dissolution of the marriage.
Legally speaking, a marriage is a private contract between two people who voluntarily agree to
enter a spousal relationship...
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