Invariance failure under subgame perfectness in sequential bargaining
AbstractA basic property of any normative theory of decision making --- individual or group --- is its invariance under the theory's own equivalence specification. Growing evidence from experimental studies in several areas of game playing indicates that the game-theoretic notion of strategic equivalence is systematically violated in the behavioral arena. The present study expands the design of previous studies of bilateral bargaining by including a third party and a new trading rule - -- modifications which induce behavioral patterns that reject equivalence under subgame perfection
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Psychology.
Volume (Year): 21 (2000)
Issue (Month): 5 (October)
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Web page: http://www.elsevier.com/locate/joep
Other versions of this item:
- Rami Zwick & Eythan Weg & Amnon Rapoport, 1999. "Invariance failure under subgame perfectness in sequential bargaining," Experimental 9903002, EconWPA.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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