Bornstein, Gary; Kugler, Tamar; Ziegelmeyer, Anthony - Center for the Study of Rationality, Hebrew University … - 2002
Two experiments compared the Centipede game played either by 2 individuals or by 2 (3-person) groups. The 2 competitors alternate in deciding whether to take the larger portion of an increasing (or constant) pile of money, and as soon as one “takes” the game ends. Assuming that both sides...
