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 InfoPaper provided by EconWPA in its series Experimental with number 9903002.
Length: 42 pages
Date of creation: 16 Mar 1999
Date of revision:
Note: Type of Document - Acrobat PDF; prepared on PC; to print on PostScript; pages: 42 ; figures: included
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bargaining; subgame perfect; invariance;
Other versions of this item:
- Zwick, Rami & Rapoport, Amnon & Weg, Eythan, 2000. "Invariance failure under subgame perfectness in sequential bargaining," Journal of Economic Psychology, Elsevier, vol. 21(5), pages 517-544, October.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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