BACKWARD INDUCTION OR FORWARD REASONING? – AN EXPERIMENT OF STOCHASTIC ALTERNATING OFFER BARGAINING

DOI10.1142/S0219198914400052zbMath1284.91096OpenAlexW2237512874MaRDI QIDQ5406295

Siegfried K. Berninghaus, Güth, Werner, Stephan Schosser

Publication date: 1 April 2014

Published in: International Game Theory Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1142/s0219198914400052

zbMATH Keywords

bargainingbackward inductionexperimental analysisforward reasoning

Mathematics Subject Classification ID

Cooperative games (91A12) Auctions, bargaining, bidding and selling, and other market models (91B26) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Experimental studies (91A90)

Cites Work

• Detecting failures of backward induction: Monitoring information search in sequential bargaining
• A backward induction experiment
• Reputation and imperfect information
• Game theoretical analysis of wage bargaining in a simple business cycle model
• Efficiency by trust in fairness? Multiperiod ultimatum bargaining experiments with an increasing cake
• Strategy and equity: An ERC-analysis of the Güth-van Damme game
• Equilibrium play and adaptive learning in a three-person centipede game.
• Perfect Equilibrium in a Bargaining Model
• An Experimental Study of the Centipede Game
• A Theory of Fairness, Competition, and Cooperation

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