Servátka, Maroš; Vadovic, Radovan - Department of Economics and Finance, College of … - 2009
Experimental evidence suggests the size of the foregone outside option of the first mover does not affect the behavior … face an outside option with unequal payoffs, i.e., the first mover gets 10 and the second mover gets 0, and when they face … an outside option with equal payoffs, i.e., both get 5. Consistent with the most of the literature we do not find a …