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Author : K. G. Binmore
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.F/5 ( download)
Download or read book Fairness Or Gamesmanship in Bargaining? written by K. G. Binmore and published by . This book was released on 1984 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : K. G. Binmore
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (22 download)
Download or read book Fairness of Gamesmanship in Bargaining? written by K. G. Binmore and published by . This book was released on 1989 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Arwed Crüger
Publisher : Duncker & Humblot
ISBN 13 : 9783428507412
Total Pages : 180 pages
Book Rating : 4.5/5 (74 download)
Download or read book Bargaining theory and fairness written by Arwed Crüger and published by Duncker & Humblot. This book was released on 2015 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two new bargaining games, called "Freedom to Punish (FTP)" and "Right and Choice to Punish (RAP)", are developed, analyzed and tested by means of an experimental implementation. Hypotheses about behavior are developed, discussed and tested. The central hypotheses are aimed at the importance of freedom of choice, on the difference between the FTP game and the RAP game, and on the crowding-out of intrinsic motivation. As might have been expected, fairness plays a role in both games, represented by the frequent appearances of equal splits as well as by the frequent rejections of unfair offers.In addition to that, fairness was crowded out by the new Institution of a veto power decision, confirming the importance of the institutional setting for behavior. Contrary to the few veto power sales in the RAP game, an amazingly high number of receivers refrained from veto power in the FTP game. This significant difference has clearly been attributed to the different information conditions and the existence of a bonus. This bonus can be interpreted in terms of freedom of choice, and exploits a value for the freedom to choose for the first time in experimental economics.
Author : Christian Korth
Publisher : Springer Science & Business Media
ISBN 13 : 3642022537
Total Pages : 175 pages
Book Rating : 4.6/5 (42 download)
Download or read book Fairness in Bargaining and Markets written by Christian Korth and published by Springer Science & Business Media. This book was released on 2009-07-25 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on economic bargaining theory. Economic bargaining theory seeks to predict the outcomes of bargaining situations. In such situations, govern ments, ?rms, or individuals share a mutual interest in cooperation; however, they also have con?icting interests regarding the terms of an agreement. A classic ex ample of such a situation is wage bargaining between unions and employers. More commonplace examples also exist. For instance, a discussion between partners on how to spend an evening can be understood as a bargaining situation. Economic bargaining theory explores the relationship between bargaining situ ations and the outcomes of the bargaining. Economists have two primary reasons to show interest in this relationship. The ?rst reason is that many important human interactions, including economic interactions, are bargaining situations. The second reason is that the understanding of these situations may inform the economic theory of markets. The tool utilized in this study is the mathematical theory of games. Predictions for bargaining outcomes are developed by modeling the bargaining situation as a strategic game and using game theoretic equilibrium concepts in order to solve the game. In this approach, the speci?c identi?ed bargaining outcome depends on the assumptions underlying the model. The neoclassical and fundamental assumption is that of rational agents—called economic men—who strive to maximize their utility based on stable preferences.
Author : Mikhael Shor
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Rethinking the Fairness Hypothesis written by Mikhael Shor and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I consider two new simple bargaining games in which two players bargain over division of a fixed amount of money. Both games are strategically equivalent to the dictator game, in that one player has the unilateral ability to determine the allocation. However, that player can instead choose to share decision-making power with the other. In this way, I take a broader view of fairness than past experiments, considering both distributive justice (how much I get) and procedural justice (the rules governing how I get it). First, players often decide to empower the other player, even though there is no strategic reason to do so, implying an innate concern with procedural justice. Second, divisions in these games are much more equitable than in traditional dictator games, suggesting that a fair procedure may elicit fair distribution. Thus, past rejection of the fairness hypothesis (arguing that fairness concerns would lead to similar distributions in the ultimatum and dictator games) may be due to a failure to account for fairness as both a distributive and procedural concern.
Author : John Keith Murnighan
Publisher :
ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.3/5 ( download)
Download or read book The Dynamics of Bargaining Games written by John Keith Murnighan and published by . This book was released on 1991 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reader may learn by participating in a wide variety of bargaining interactions, ranging from co-operative to competitive two-person bargaining to large group negotiations, and equal to unequal power positions.
Author : Andrew Schotter
Publisher : Cambridge University Press
ISBN 13 : 1009058959
Total Pages : 440 pages
Book Rating : 4.0/5 (9 download)
Download or read book Advice, Social Learning and the Evolution of Conventions written by Andrew Schotter and published by Cambridge University Press. This book was released on 2023-01-23 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: As societies progress, old generations of social agents die and are replaced by new ones. This book explores what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, this study delves into the process of social leaning created by intergenerational advice passed from generation to generation. This book presents a unique theoretical and empirical study of the dynamics of social conventions not offered elsewhere.
Author : Carrie Menkel-Meadow
Publisher : John Wiley & Sons
ISBN 13 : 0787973637
Total Pages : 594 pages
Book Rating : 4.7/5 (879 download)
Download or read book What's Fair written by Carrie Menkel-Meadow and published by John Wiley & Sons. This book was released on 2004-03-29 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: What's Fair is a landmark collection that focuses exclusively on the crucial topic of ethics in negotiation. Edited by Carrie J. Menkel-Meadow and Michael Wheeler, What's Fair contains contributions from some of the best-known practitioners and scholars in the field including Roger Fisher, Howard Raiffa, and Deborah Kolb. The editors and distinguished contributors offer an examination of why ethics matter individually and socially, and explain the essential duties and values of negotiation beyond formal legal requirements. Throughout the book, these experts tackle difficult questions such as: What do we owe our counterparts (if anything) in the way of candor or disclosure? To what extent should we use financial or legal pressure to force settlement? Should we worry about whether an agreement is fair to all the parties, or the effects our negotiated agreements might have on others?
Author : Satoshi Akutso
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.:/5 (318 download)
Download or read book Effects of Perceived Fairness, Cultural Paradigms, and Attributions on Bargaining Behavior written by Satoshi Akutso and published by . This book was released on 1998 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John Kubinski
Publisher :
ISBN 13 : 9781339969015
Total Pages : 57 pages
Book Rating : 4.9/5 (69 download)
Download or read book Coalitional Bargaining Over Fairness written by John Kubinski and published by . This book was released on 2016 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gary E. Bolton
Publisher : Oxford University Press
ISBN 13 : 0199995990
Total Pages : 432 pages
Book Rating : 4.1/5 (999 download)
Download or read book The Oxford Handbook of Economic Conflict Resolution written by Gary E. Bolton and published by Oxford University Press. This book was released on 2012-09-20 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individuals, groups, and societies all experience conflict, and attempt to resolve it in numerous ways. This Handbook brings together scholars from multiple disciplines to offer perspectives on the current state and future challenges in negotiation and conflict resolution. It will serve as an aid to scholars in identifying new research topics, provide a guide to current debates, and identify complementarities between approaches taken by different disciplines and the insights which those approaches generate. Leading researchers of economics, psychology, organizational behavior, policy, and other fields have contributed chapters. The volume is organized to purposefully juxtapose contributions from different fields to enable cross-fertilization between the disciplines and to generate new and creative approaches to studying the topic. These chapters provide a lens into current scholarship, and a window into the future of the field of economic conflict resolution. The confluence of research perspectives represented will identify further synergies and advances in our understanding of this topic.
Author : Richard Lempert
Publisher : University of Pennsylvania Press
ISBN 13 : 1512809500
Total Pages : 544 pages
Book Rating : 4.5/5 (128 download)
Download or read book An Invitation to Law and Social Science written by Richard Lempert and published by University of Pennsylvania Press. This book was released on 2016-11-11 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative work treats law as the set of rules governing how people should act in society, and it demonstrates how the legal system attempts to deter antisocial behavior. Comprised of three sections. the book explores different ways in which law decides issues of responsibility, how cases are adjudicated, and theories of distributive justice and social change. Distinguished by its problem-oriented, topical perspective, An Invitation to Law and Social Science serves as an invaluable book for course in law and society, legal process, and the sociology of law.
Author : Catherine C. Eckel
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Fairness and Rejections in the Ultimatum Bargaining Game written by Catherine C. Eckel and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimatum game is a standard instrument for laboratory experimentalists. It had been replicated in a large number of environments and points to special considerations for fairness. Although it has been popular in the experimental community, researchers have not harnessed all the statistical power they should to evaluate the dynamics at work in this type of a bargaining game. This research uses two planned treatments, the first involving a signaling condition concerning a subject's "type," and the second a price effect built into the structure of the game. We find that there are no significant main effects as a result of the signaling condition of a subject's type, but that there are strong effects as a result of the different payoff parameters. Using a variety of multivariate models we find important, non-obvious interactions with the gender of the subjects. The lesson that we take away from this research is that experimentalists can learn more from data collected in the tightly controlled laboratory environment by using statistical techniques that complement their research designs.
Author :
Publisher :
ISBN 13 :
Total Pages : 1316 pages
Book Rating : 4.:/5 (318 download)
Download or read book Journal of Economic Literature written by and published by . This book was released on 1993 with total page 1316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dilip Abreu
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)
Download or read book The Structure of Nash Equilibrium in Repeated Games with Finite Automata written by Dilip Abreu and published by . This book was released on 1986 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 285 pages
Book Rating : 4.:/5 (934 download)
Download or read book Fairness and justice principles in bargaining games written by and published by . This book was released on 2013 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Daniel Keniston
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (126 download)
Download or read book Fairness in Incomplete Information Bargaining written by Daniel Keniston and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses detailed data on sequential offers from seven vastly different real-world bargaining settings to document a robust pattern: agents favor offers that split the difference between the two most recent offers on the table. Our settings include negotiations for used cars, insurance injury claims, a TV game show, auto rickshaw rides, housing, international trade tariffs, and online retail. We demonstrate that this pattern can arise in a perfect Bayesian equilibrium of an alternating-offer game with two-sided incomplete information, but this equilibrium is far from unique. We then provide a robust-inference argument to explain why agents may view the two most recent offers as corresponding to the potential surplus. Split-the-difference offers under this weaker, robust inference can then be viewed as fair. We present a number of other patterns in each data setting that point to split-the-difference offers as a strong social norm, whether in high-stakes or low-stakes negotiations.
