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This paper experimentally explores group decision-making in a two-player power-to-take game. Discussions preceding group decisions are video taped and analyzed. Each subject first earns an income in an individual effort task preceding the game. The game consists of two stages. First, one group...
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The paper presents an expository account of several experimentally based descriptive theories of cooperation in interactive decision situations. First the equity principle (Selten 1988), prominence in the decimal system (Albers and Albers 1983), and the difference measure of predictive success...
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subjects in a game playing experiment and the strategies programmed by highly experienced subjects. The synopsis of these two …
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). Cognition and decision were focused on extremes: total or no investment and equitable or no return. Subjects exhibited …
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In the economic literature on market competition, firms are often modeled as single decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior of...
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on an experiment designed to test whether players learn a) the relevant features of the payoff structure of a 2x2 game (e …
Persistent link: https://www.econbiz.de/10004968377
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10004968388