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The Indirect Evolutionary Approach to Explaining Fair Allocations
Huck, Steffen; Oechssler, Joerg - EconWPA - 1995
Experimental results on the ultimatum game show clearly that (1) large fractions of players offer a 'fair' allocation and (2) that unfair (but positive) offers are systematically rejected. We offer an explanation of this behavior using the 'indirect evolutionary approach' which is based on the...
Persistent link: https://www.econbiz.de/10005407564
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Through Trial & Error to Collusion
Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1998
In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …
Persistent link: https://www.econbiz.de/10005062333
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Learning in Cournot Oligopoly - An Experiment
Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - EconWPA - 1997
This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive … theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The …
Persistent link: https://www.econbiz.de/10005118660