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This article reports an experimental test of the M1 (im) Cooperative and M1 (im) Shapley bargaining set solutions in 3-person superadditive, sidepayment games with nonempty core. The results indicate that, on an overall basis, M1 (im) Cooperative has greater predictive accuracy than does M1 (im)...
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This article presents a procedure for indexing n-person cooperative games in terms of degree of nonsymmetry. This ordinal-level index is limited to sidepayment games, but applies generally to games of three or more players. To validate the index, a laboratory experiment was conducted with...
Persistent link: https://www.econbiz.de/10010801299
The kernel, a game-theoretic solution concept, was tested competitively against minimum resource and pivotal power theories. Experimental data from six veto and six nonveto weighted-majority games served as the basis of the test. The kernel proved to be consistently inferior to both minimum...
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This study evaluates the importance of accurately modeling strategic threats in complex multilateral conflict-of-interest decision problems. The objective is to improve prescriptive accuracy when cooperative n-person game theory is applied to the analysis of such problems. A competitive...
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