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Evidential equilibria : heuristics and biases in static games of complete information

Al-Nowaihi, Ali; Dhami, Sanjit S. - In: Games 6 (2015) 4, pp. 637-676

Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...

Persistent link: https://www.econbiz.de/10011384070

Cost of reasoning and strategic Sophistication

Zhao, Wanqun - In: Games 11 (2020) 3/40, pp. 1-27

I designed an experiment to study the persistence of the prevailing levels of reasoning across games. Instead of …

Persistent link: https://www.econbiz.de/10012432226

Behavioural isomorphism, cognitive economy and recursive thought in non-transitive game strategy

Dyson, Benjamin J. - In: Games 10 (2019) 3/32, pp. 1-14

methodologies for understanding decision-making under pressure. In the non-transitive game rock, paper, scissors (RPS), the only … behavior is thought to be outside bounded rationality and so decision-making can become deterministic, predictable, and … cognition literatures, and provides a taxonomy of RPS strategy. RPS strategies are discussed in terms of (a) whether the …

Persistent link: https://www.econbiz.de/10012062319

(Un)bounded rationality in decision making and game theory : back to square one?

Güth, Werner; Kliemt, Hartmut - In: Games 1 (2010) 1, pp. 53-65

Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented … language enabling us to capture the process leading to what is “given” seems superior to the stenography of decision making in …

Persistent link: https://www.econbiz.de/10009751382

Economic harmony : a rational theory of fairness and cooperation in strategic interactions

Suleiman, Ramzi - In: Games 13 (2022) 3, pp. 1-21

Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game theory predictions. However, those models...

Persistent link: https://www.econbiz.de/10013252726

On the impact of an intermediary agent in the ultimatum game

Haruvy, Ernan; Roth, Yefim - In: Games 13 (2022) 3, pp. 1-16

Delegating bargaining to an intermediary agent is common practice in many situations. The proposer, while not actively bargaining, sets constraints on the intermediary agent's offer. We study ultimatum games where proposers delegate bargaining to an intermediary agent by setting boundaries on...

Persistent link: https://www.econbiz.de/10013252752

Auctioning the right to play ultimatum games and the impact on equilibrium selection

Shachat, Jason M.; Swarthout, J. Todd - In: Games 4 (2013) 4, pp. 738-753

We auction scarce rights to play the Proposer and Responder positions in ultimatum games. As a control treatment, we randomly allocate these rights and charge exogenous participation fees. These participation fee sequences match the auction price sequence from a session of the original...

Persistent link: https://www.econbiz.de/10010240820

An experimental analysis of asymmetric power in conflict bargaining

Sieber, Katri; Clark, David; Holt, Charles A.; … - In: Games 4 (2013) 3, pp. 375-397

an agreement that incorporates the (unrealized) costs of delay and conflict. A laboratory experiment has been used to …

Persistent link: https://www.econbiz.de/10009785364

Incomplete information about social preferences explains equal division and delay in bargaining

Kohler, Stefan - In: Games 3 (2012) 3, pp. 119-137

Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...

Persistent link: https://www.econbiz.de/10009754119

Moral entitlements and aspiration formation in asymmetric bargaining : experimental evidence from Germany and China

Hennig-Schmidt, Heike; Walkowitz, Gari - In: Games 8 (2017) 4, pp. 1-25

in real life. Our study involves 15 negotiations from Germany and China. Over the course of the negotiation, bargainers … the negotiation, equity tends to lose, while the prominence of round numbers gains importance. Similarities between the … negotiations are characterized by long periods of stagnation, only minimal concessions, and the communication of false goals. By …

Persistent link: https://www.econbiz.de/10011771180