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On the Origin of Convention: Evidence from Symmetric Bargaining Games

Author

Listed:
  • Van Huyck, John
  • Battalio, Raymond
  • Mathur, Sondip
  • Van Huyck, Patsy
  • Ortmann, Andreas

Abstract

We use a dynamical systems approach to model the origin of bargaining conventions and report the results of a symmetric bargaining game experiment. Our experiment also provides evidence on the psychological salience of symmetry and efficiency. The observed behavior in the experiment was systematic, replicable, and roughly consistent with the dynamical systems approach. For instance, we do observe unequal-division conventions emerging in communities of symmetrically endowed subjects. Coauthors are Raymond Battalio, Sondip Mathur, Patsy Van Huyck.

Suggested Citation

  • Van Huyck, John & Battalio, Raymond & Mathur, Sondip & Van Huyck, Patsy & Ortmann, Andreas, 1995. "On the Origin of Convention: Evidence from Symmetric Bargaining Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 24(2), pages 187-212.
    • Handle: RePEc:spr:jogath:v:24:y:1995:i:2:p:187-212
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    Citations

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    Cited by:

    1. David Bodoff & Ron Bekkerman & Julie Dai, 2017. "Evolution of language: An empirical study at eBay Big Data Lab," PLOS ONE, Public Library of Science, vol. 12(12), pages 1-17, December.
    2. Brian Skyrms, 2003. "Signals, Evolution and the Explanatory Power of Transient Information," Levine's Working Paper Archive 618897000000000799, David K. Levine.
    3. Esat Cetemen & Emin Karagözoğlu, 2014. "Implementing equal division with an ultimatum threat," Theory and Decision, Springer, vol. 77(2), pages 223-236, August.
    4. Brian Skyrms, 2001. "Signals, Evolution and the Explanatory Power of Transient Information," Levine's Working Paper Archive 391749000000000001, David K. Levine.
    5. Oprea, Ryan & Henwood, Keith & Friedman, Daniel, 2011. "Separating the Hawks from the Doves: Evidence from continuous time laboratory games," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2206-2225.
    6. Torsten Heinrich & Yoojin Jang & Luca Mungo & Marco Pangallo & Alex Scott & Bassel Tarbush & Samuel Wiese, 2021. "Best-response dynamics, playing sequences, and convergence to equilibrium in random games," Papers 2101.04222, arXiv.org, revised Nov 2022.
    7. Maarten C.W. Janssen, 2006. "On the Strategic Use of Focal Points in Bargaining Situations," Tinbergen Institute Discussion Papers 06-040/1, Tinbergen Institute.
    8. John Van Huyck & Frederick Rankin & Raymond Battalio, 1999. "What Does it Take to Eliminate the use of a Strategy Strictly Dominated by a Mixture?," Experimental Economics, Springer;Economic Science Association, vol. 2(2), pages 129-150, December.
    9. David Bodoff, 2013. "When learning meets salience," Theory and Decision, Springer, vol. 74(2), pages 241-266, February.
    10. Jeffrey Carpenter & Peter Matthews, 2005. "No Switchbacks: Rethinking Aspiration-Based Dynamics in the Ultimatum Game," Theory and Decision, Springer, vol. 58(4), pages 351-385, June.
    11. J. Van Huyck & R. Battalio & F. Rankin, 1996. "On the Evolution of Convention: Evidence from Coordination Games," Levine's Working Paper Archive 548, David K. Levine.
    12. Emin Karagözoğlu & Kerim Keskin & Çağrı Sağlam, 2023. "(In)efficiency and equitability of equilibrium outcomes in a family of bargaining games," International Journal of Game Theory, Springer;Game Theory Society, vol. 52(1), pages 175-193, March.
    13. Lacomba, Juan A. & Lagos, Francisco & Reuben, Ernesto & van Winden, Frans, 2014. "On the escalation and de-escalation of conflict," Games and Economic Behavior, Elsevier, vol. 86(C), pages 40-57.
    14. Gary E. Bolton & Kalyan Chatterjee & Kathleen L. McGinn, 2013. "How Communication Links Influence Coalition Bargaining: A Laboratory Investigation," World Scientific Book Chapters, in: Bargaining in the Shadow of the Market Selected Papers on Bilateral and Multilateral Bargaining, chapter 6, pages 113-128, World Scientific Publishing Co. Pte. Ltd..
    15. Merwan Engineer & Shouyong Shi, 2001. "Bargains, Barter and Money," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 188-209, January.
    16. Bett, Zoë & Poulsen, Anders & Poulsen, Odile, 2016. "The focality of dominated compromises in tacit coordination situations: Experimental evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 60(C), pages 29-34.
    17. Stephen J. Meardon & Andreas Ortmann, 1996. "Yes, Adam Smith Was An Economist (A Very Modern One Indeed)," Rationality and Society, , vol. 8(3), pages 348-352, August.
    18. Van Huyck, John & Battalio, Raymond, 2002. "Prudence, Justice, Benevolence, and Sex: Evidence from Similar Bargaining Games," Journal of Economic Theory, Elsevier, vol. 104(1), pages 227-246, May.
    19. Battalio,R. & Samuelson,L. & Huyck,J. van, 1998. "Risk dominance, payoff dominance and probabilistic choice learning," Working papers 2, Wisconsin Madison - Social Systems.
    20. Van Huyck, John B. & Wildenthal, John M. & Battalio, Raymond C., 2002. "Tacit Cooperation, Strategic Uncertainty, and Coordination Failure: Evidence from Repeated Dominance Solvable Games," Games and Economic Behavior, Elsevier, vol. 38(1), pages 156-175, January.
    21. Zoe Bett & Anders Poulsen & Odile Poulsen, 2013. "How Salient is an Equal but Inefficient Outcome in a Coordination Situation? Some Experimental Evidence," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 13-02-R, School of Economics, University of East Anglia, Norwich, UK..
    22. repec:uea:wcbess:13-02 is not listed on IDEAS
    23. Bin Xu & Zhijian Wang, 2012. "Evolutionary Dynamical Pattern of 'Coyness and Philandering': Evidence from Experimental Economics," Levine's Working Paper Archive 786969000000000577, David K. Levine.

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