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Persistent link: https://www.econbiz.de/10009403157
We start by considering the Alternate Strike (AS) scheme, a real-life arbitration scheme where two parties select an arbitrator by alternately crossing off at each round one name from a given panel of arbitrators. We find out that the AS scheme is not invariant to “badâ€\x9D...
Persistent link: https://www.econbiz.de/10005709865
In the Divide-the-Dollar (DD) game, two players simultaneously make demands to divide a dollar. Each player receives his demand if the sum of the demands does not exceed one, a payoff of zero otherwise. Note that, in the latter case, both parties are punished severely. A major setback of DD is...
Persistent link: https://www.econbiz.de/10005068016