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This paper is a brief history of game theory with its main theme being the nature of the decision makers assumed in the various stages of its historical development. It demonstrates that changes in the "image of man" nourished the developments of what many believe to be progress in game theory....
Persistent link: https://www.econbiz.de/10008633413
This paper reports experimental evidence on behaviour in an Ultimatum Game where responders have low structural information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the view that certain learning conditions are less...
Persistent link: https://www.econbiz.de/10005125583
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We conduct one of the first laboratory experiments and noncooperative analyses of the de-centralized matching market with transfers (Koopmans and Beckmann,1957; Shapley andShubik,1972; Becker,1973). Some theoretical predictions align with but some differ from experimental evidence. Stable matching,...
Persistent link: https://www.econbiz.de/10012834566
norms of fairness, not norms per se. We design an experiment to decouple norm-adherence from fairness. We find that (a) a …
Persistent link: https://www.econbiz.de/10013055106
therefore conducted an experiment to see if people make the predicted strategic move. The experiment uses a simple bargaining …
Persistent link: https://www.econbiz.de/10005749599
experiment to see if people make a counter-intuitive but strategically optimal decision to avoid information. The experiment is …
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