Two Person Bargaining Experiments With Incomplete Information

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Two-Person Bargaining Experiments with Incomplete Information

Author : Bettina Kuon
Publisher : Springer Science & Business Media
ISBN 13 : 3642487777
Total Pages : 305 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Two-Person Bargaining Experiments with Incomplete Information by : Bettina Kuon

Download or read book Two-Person Bargaining Experiments with Incomplete Information written by Bettina Kuon and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Think of the following situation: A project yielding a gross profit of 100 is offered to two firms. The project can only be conducted by a cooperation of the two firms. No firm is able to conduct the project alone. In order to receive the project the firms have to agree on the allocation of the gross profit. Each of both firms has an alternative project it conducts in case the joint project is not realized. The profitability of an allocation of the joint gross profit for a firm depends on the gross profit from its alternative project. The gross profit from an alternative project can be either 0 (low alternative value) or O

Incomplete Information Two Person Bargaining with a Finite Set of Possible Agreements

Author : Clara Ponsati-Obiols
Publisher :
ISBN 13 :
Total Pages : 158 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Incomplete Information Two Person Bargaining with a Finite Set of Possible Agreements by : Clara Ponsati-Obiols

Download or read book Incomplete Information Two Person Bargaining with a Finite Set of Possible Agreements written by Clara Ponsati-Obiols and published by . This book was released on 1988 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Differential Information Economies

Author : Dionysius Glycopantis
Publisher : Springer Science & Business Media
ISBN 13 : 3540269797
Total Pages : 656 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Differential Information Economies by : Dionysius Glycopantis

Download or read book Differential Information Economies written by Dionysius Glycopantis and published by Springer Science & Business Media. This book was released on 2005-12-28 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the main problems in current economic theory is to write contracts which are Pareto optimal, incentive compatible, and also implementable as a perfect Bayesian equilibrium of a dynamic, noncooperative game. The question arises whether it is possible to provide Walrasian type or cooperative equilibrium concepts which have these properties. This volume contains original contributions on noncooperative and cooperative equilibrium notions in economies with differential information and provides answers to the above questions. Moreover, issues of stability, learning and continuity of alternative equilibria are also examined.

Two-Person Bargaining Under Incomplete Information

Author : James E. Parco
Publisher :
ISBN 13 : 9781423509103
Total Pages : 246 pages
Book Rating : 4.5/5 (91 download)

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Book Synopsis Two-Person Bargaining Under Incomplete Information by : James E. Parco

Download or read book Two-Person Bargaining Under Incomplete Information written by James E. Parco and published by . This book was released on 2002-05-01 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: New theoretical developments and recent experimental studies involving the sealed-bid kappa-double auction mechanism for bilateral bargaining under incomplete information have raised new questions about procedures that induce efficient bargaining behavior and about the applicability of extant adaptive learning models. It is now generally accepted that a theory of bargaining behavior for individuals who typically do not meet the stringent assumptions about common knowledge of rationality cannot be complete without systematic empirical investigations of the properties of the various mechanisms that structure bargaining. The aim of this dissertation is to critically explore the extent to which efficient bargaining outcomes can be achieved while dynamically accounting for individual behavior across repeated play of the game. In the first study, an endogenous bonus is introduced into the baseline single- stage game. Although theoretically doing so induces truth-telling behavior for both players, the experimental data provide very limited support. In the second study, the baseline game is extended by incorporating an additional, costless period of bargaining, thereby giving players an increased opportunity to reveal information about their respective reservation values. The data show that subjects quickly learn not to reveal information about their private valuation despite the increased opportunity to bilaterally improve efficiency. Finally, the third study investigates behavior sensitivity to variation in the trading parameter, kappa. Instead of following the historical precedent of setting kappa = 1/2, extreme values of kappa are invoked in an asymmetric information environment endowing a player with exclusive price-setting power.

Analysis of a Family of Two-person Bargaining Games with Incomplete Information

Author : John C. Harsanyi
Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.:/5 (276 download)

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Book Synopsis Analysis of a Family of Two-person Bargaining Games with Incomplete Information by : John C. Harsanyi

Download or read book Analysis of a Family of Two-person Bargaining Games with Incomplete Information written by John C. Harsanyi and published by . This book was released on 1978 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Solutions for Two-person Bargaining Problems with Incomplete Information

Author : Roger B. Myerson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (596 download)

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Book Synopsis Solutions for Two-person Bargaining Problems with Incomplete Information by : Roger B. Myerson

Download or read book Solutions for Two-person Bargaining Problems with Incomplete Information written by Roger B. Myerson and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Art of Experimental Economics

Author : Gary Charness
Publisher : Routledge
ISBN 13 : 1000422976
Total Pages : 268 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Art of Experimental Economics by : Gary Charness

Download or read book The Art of Experimental Economics written by Gary Charness and published by Routledge. This book was released on 2021-08-26 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying experimental methods has become one of the most powerful and versatile ways to obtain economic insights, and experimental economics has especially supported the development of behavioral economics. The Art of Experimental Economics identifies and reviews 20 of the most important papers to have been published in experimental economics in order to highlight the power and methods of this area, and provides many examples of findings in behavioral economics that have extended knowledge in the economics discipline as a whole. Chosen through a combination of citations, recommendations by scholars in the field, and voting by members of leading societies, the 20 papers under review – some by Nobel prize-winning economists – run the full gamut of experimental economics from theoretical expositions to applications demonstrating experimental economics in action. Also written by a leading experimental economist, each chapter provides a brief summary of the paper, makes the case for why that paper is one of the top 20 in the field, discusses the use made of the experimental method, and considers related work to provide context for each paper. These reviews quickly expose readers to the breadth of application possibilities and the methodological issues, leaving them with a firm understanding of the legacy of the papers’ contributions. This text provides a survey of some of the very best research in experimental and behavioral economics and is a valuable resource for scholars and economics instructors, students seeking to develop capability in applying experimental methods, and economics researchers who wish to further explore the experimental approach.

Behavioral Game Theory

Author : Colin F. Camerer
Publisher : Princeton University Press
ISBN 13 : 1400840880
Total Pages : 569 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Behavioral Game Theory by : Colin F. Camerer

Download or read book Behavioral Game Theory written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-09-05 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.

Operations Research in Progress

Author : Gustav Feichtinger
Publisher : Springer Science & Business Media
ISBN 13 : 9400979010
Total Pages : 512 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Operations Research in Progress by : Gustav Feichtinger

Download or read book Operations Research in Progress written by Gustav Feichtinger and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of the Joint Meeting of the Austrian and Swiss Operations Research Societies, Vienna, September 22-24, 1980

Experimental Business Research

Author : Rami Zwick
Publisher : Springer Science & Business Media
ISBN 13 : 1475751966
Total Pages : 408 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Experimental Business Research by : Rami Zwick

Download or read book Experimental Business Research written by Rami Zwick and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experimental Business Research includes papers that were presented at the First Asian Conference on Experimental Business Research held at the Hong Kong University of Science and Technology (HKUST), on December 7-10, 1999. The conference was organized by the Center for Experimental Business Research (cEBR) at the HKUST. The papers presented at the conference and a few others that were solicited especially for this volume contain original research on individual and interactive decision behavior in various branches of business research including, but not limited to, economics, marketing, management, finance, and accounting. Experimental Business Research is suitable as a secondary text for a graduate level course, and as a reference for researchers and practitioners in industry.

The Handbook of Experimental Economics, Volume 2

Author : John H. Kagel
Publisher : Princeton University Press
ISBN 13 : 0691202745
Total Pages : 770 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Handbook of Experimental Economics, Volume 2 by : John H. Kagel

Download or read book The Handbook of Experimental Economics, Volume 2 written by John H. Kagel and published by Princeton University Press. This book was released on 2020-05-26 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: An indispensable survey of new developments and results in experimental economics When The Handbook of Experimental Economics first came out in 1995, the notion of economists conducting lab experiments to generate data was relatively new. Since then, the field has exploded. This second volume of the Handbook covers some of the most exciting new growth areas in experimental economics, presents the latest results and experimental methods, and identifies promising new directions for future research. Featuring contributions by leading practitioners, the Handbook describes experiments in macroeconomics, charitable giving, neuroeconomics, other-regarding preferences, market design, political economy, subject population effects, gender effects, auctions, and learning and the economics of small decisions. Contributors focus on key developments and report on experiments, highlighting the dialogue between experimenters and theorists. While most of the experiments consist of laboratory studies, the book also includes several chapters that report extensively on field experiments related to the subject area studied. Covers exciting new growth areas in experimental economics Features contributions by leading experts Describes experiments in macroeconomics, charitable giving, neuroeconomics, market design, political economy, gender effects, auctions, and more Highlights the dialogue by experimenters with theorists and each other Includes several chapters covering field experiments related to the subject area studied

The Oxford Handbook of Economic Conflict Resolution

Author : Gary E. Bolton
Publisher : Oxford University Press
ISBN 13 : 0199995990
Total Pages : 432 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis The Oxford Handbook of Economic Conflict Resolution by : Gary E. Bolton

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.

Games and Human Behavior

Author : David V. Budescu
Publisher : Psychology Press
ISBN 13 : 1317778456
Total Pages : 448 pages
Book Rating : 4.3/5 (177 download)

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Book Synopsis Games and Human Behavior by : David V. Budescu

Download or read book Games and Human Behavior written by David V. Budescu and published by Psychology Press. This book was released on 2019-06-13 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human behavior often violates the predictions of rational choice theory. This realization has caused many social psychologists and experimental economists to attempt to develop an experimentally-based variant of game theory as an alternative descriptive model. The impetus for this book is the interest in the development of such a theory that combines elements from both disciplines and appeals to both. The editors have brought together leading researchers in the fields of experimental economics, behavioral game theory, and social dilemmas to engage in constructive dialogue across disciplinary boundaries. This book offers a comprehensive overview of the new insights into the motivation of human behavior under a variety of naturally or artificially induced incentive structures that are emerging from their work. Amnon Rapoport--a pioneer and leader in experimental study and quantitative modeling of human decisions in social and interactive contexts--is honored.

Game Theory and Economic Behaviour

Author : Reinhard Selten (Economist, Germany)
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008294
Total Pages : 924 pages
Book Rating : 4.0/5 (82 download)

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Book Synopsis Game Theory and Economic Behaviour by : Reinhard Selten (Economist, Germany)

Download or read book Game Theory and Economic Behaviour written by Reinhard Selten (Economist, Germany) and published by Edward Elgar Publishing. This book was released on 1999-03-24 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.

Game-Theoretic Models of Bargaining

Author : Alvin E. Roth
Publisher : Cambridge University Press
ISBN 13 : 0521267579
Total Pages : 402 pages
Book Rating : 4.5/5 (212 download)

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Book Synopsis Game-Theoretic Models of Bargaining by : Alvin E. Roth

Download or read book Game-Theoretic Models of Bargaining written by Alvin E. Roth and published by Cambridge University Press. This book was released on 1985-11-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive picture of the new developments in bargaining theory.

Social Goals and Social Organization

Author : Leonid Hurwicz
Publisher : Cambridge University Press
ISBN 13 : 9780521262040
Total Pages : 398 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Social Goals and Social Organization by : Leonid Hurwicz

Download or read book Social Goals and Social Organization written by Leonid Hurwicz and published by Cambridge University Press. This book was released on 1985-12-27 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a collection of essays providing a comprehensive view of the design and evaluation of economic mechanisms.

International Negotiations: A Bibliography

Author : Amos Lakos
Publisher : Routledge
ISBN 13 : 0429722052
Total Pages : 542 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis International Negotiations: A Bibliography by : Amos Lakos

Download or read book International Negotiations: A Bibliography written by Amos Lakos and published by Routledge. This book was released on 2019-02-22 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international system comprises a plurality of sovereign states often pursuing conflicting interests. One means of resolving or managing conflicts between those states is diplomatic bargaining or negotiation. In the last fifteen years, the study of negotiation has attracted researchers from various disciplines in the social sciences, and the vol