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Relative versus Absolute Speed of Adjustment in Strategic Environments: Responder Behavior in Ultimatum Games Author info | Abstract | Publisher info | Download info | Related research | Statistics David Cooper
Nick Feltovich
Alvin Roth
Rami Zwick
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Learning models predict that the relative speed at which players in a game adjust their behavior has a critical influence on long term behavior. In an ultimatum game, the prediction is that proposers learn not to make small offers faster than responders learn not to reject them. We experimentally test whether relative speed of learning has the predicted effect, by manipulating the amount of experience accumulated by proposers and responders. The experiment allows the predicted learning by responders to be observed, for the first time. Copyright Kluwer Academic Publishers 2003
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Article provided by Springer in its journal Experimental Economics .
Volume (Year): 6 (2003)
Issue (Month): 2 (October)
Pages: 181-207
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Handle: RePEc:kap:expeco:v:6:y:2003:i:2:p:181-207Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=102888
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Keywords: Game Theory ; learning ; bargaining ; Other versions of this item:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
David Cooper & Nick Feltovich & Alvin Roth & Rami Zwick, 2003.
"Relative versus Absolute Speed of Adjustment in Strategic Environments: Responder Behavior in Ultimatum Games ,"
Experimental Economics ,
Springer, vol. 6(2), pages 181-207, October.
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Gary E. Bolton & Axel Ockenfels, 2002.
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