Descriptive Theories of Bargaining: An Experimental Analysis by Gerald R. Uhlich

By Gerald R. Uhlich

The target of this booklet is the presentation of 2 new descriptive theories for experimental bargaining video games and a comparability with different descriptive and normative theories. to procure facts it used to be essential to advance units of computing device courses for machine managed ex­ periments. in addition, info received via different researchers, that are to be had to us should be integrated during this examine. using laboratory experiments in economics was once brought through THURSTONE [1931] within the box of application conception. CHAMBERLIN [1948] used to be the 1st individual to set up an expe­ rimental marketplace for the aim of trying out a thought. the 1st scan on attribute functionality video games used to be performed via KALISH, MILNOR, NASH, and NERING [1954]. this day using experiments in managed laboratory settings has develop into frequent. prior, economists went into the sector to watch phenomena because the habit of people, agencies and international locations in motion, then they formulated theories to provide an explanation for what they observed. yet not like traditional scientists, economists haven't been capable of try their theories less than managed stipulations. Now experimental economists may be able to mirror their effects. Replication is especially proble­ matic for box reviews, simply because infrequently an analogous stipulations will be verified back. furthermore, experimenters may be able to attempt theories for occasions defined via simplified types which aren't observable within the actual world.

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By Gerald R. Uhlich

The target of this booklet is the presentation of 2 new descriptive theories for experimental bargaining video games and a comparability with different descriptive and normative theories. to procure facts it used to be essential to advance units of computing device courses for machine managed ex­ periments. in addition, info received via different researchers, that are to be had to us should be integrated during this examine. using laboratory experiments in economics was once brought through THURSTONE [1931] within the box of application conception. CHAMBERLIN [1948] used to be the 1st individual to set up an expe­ rimental marketplace for the aim of trying out a thought. the 1st scan on attribute functionality video games used to be performed via KALISH, MILNOR, NASH, and NERING [1954]. this day using experiments in managed laboratory settings has develop into frequent. prior, economists went into the sector to watch phenomena because the habit of people, agencies and international locations in motion, then they formulated theories to provide an explanation for what they observed. yet not like traditional scientists, economists haven't been capable of try their theories less than managed stipulations. Now experimental economists may be able to mirror their effects. Replication is especially proble­ matic for box reviews, simply because infrequently an analogous stipulations will be verified back. furthermore, experimenters may be able to attempt theories for occasions defined via simplified types which aren't observable within the actual world.

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Extra resources for Descriptive Theories of Bargaining: An Experimental Analysis of Two- and Three-Person Characteristic Function Bargaining

Example text

This difference seems to be due to a "first move advantage". 87%). 55% could be reached, if the weak player was the first mover. 3. 98% of the surplus. This very surprising result should be tested, but only four independent subject groups are available and the first move advantage can be observed only in three groups, therefore a reliable test on this small data base is impossible. 7 show the distribution of the surplus depending on the first moving player. For example, the bar in figure 6 labeled with "50" means that 9 first moving strong players received a payoff of more than or equal 50% of the surplus but less than 60%.

15 data sets were reported by other researchers and will be reevaluated in this chapter. 2. To get an impression of the predictive power of the PROPORTIONAL DMSION PAYOFF BOUNDS we shall compare this theory with the CORE [GILLIES 1953], the BARGAINING SET, the EQUAL DIVISION PAYOFF BOUNDS, and a modified version of the EQUAL EXCESS THEORY, which was originall, devel~~d by KOMORITA [1979]. 3. 44 4. 4 is concerned with the evaluation and reevaluation of all 49 data sets. Moreover, the ORDER OF STRENGTH HYPOTHESIS, introduced by SELTEN [1972] as part of the EQUAL SHARE ANALYSIS, will be tested in our enlarged data basis.

Further tests not reported here have been done with varying a permissible percentage of deviation in the EQUAL SURPLUS concept, but a predictive success as high as obtained by the NAA concept could not be reached. 5 SUMMARY ON TWO-PERSON GAMES Chapter 3 was concerned with the presentation of a new descriptive theory for experimental two-person characteristic function games. The NEGOTIATION AGREEMENT AREA was found to be more successful in prediction than other theories. However, the data set is very small and there have to be more replications of the experiment in order to confirm our new descriptive theory.

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