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Several models of prisoner's dilemma interactions were tested in a series of twelve games whose termination point was determined probabilistically. A new model was introduced to discriminate among equilibrium and nonequilibrium situations on the basis of a player's expected benefits or losses...
Persistent link: https://www.econbiz.de/10010812328
This study reports an experiment designed to test the predictive value of Axelrod's measure of conflict of interest. The results support the conclusion that Axelrod's measure is a good predictor of the time required to reach agreement in a given bargaining game, but that it is not a good...
Persistent link: https://www.econbiz.de/10010801343
This paper presents the results of an n-person characteristic function game played by between seven and and twelve players, one of whom was a monopolist. A factorial design allowed for analysis of the effects of group size, the availability of information, and communication opportunities for a...
Persistent link: https://www.econbiz.de/10010801831