TY - JOUR
T1 - An experiment with ultimatum bargaining in a changing environment
AU - Winter, Eyal
AU - Zamir, Shmuel
PY - 2005/9
Y1 - 2005/9
N2 - We present experimental results on the ultimatum bargaining game which support an evolutionary explanation of subjects' behaviour in the game. In these experiments subjects interacted with each other and also with virtual players, i.e. computer programs with prospecified strategies. Some of these virtual players were designed to play the equitable allocation, while others exhibited behaviour closer to the subgame-perfect equilibrium, in which the proposer's share is much larger than that of the responder. We have observed significant differences in the behaviour of real subjects depending on the type of "mutants" (virtual players) that were present in their environment.
AB - We present experimental results on the ultimatum bargaining game which support an evolutionary explanation of subjects' behaviour in the game. In these experiments subjects interacted with each other and also with virtual players, i.e. computer programs with prospecified strategies. Some of these virtual players were designed to play the equitable allocation, while others exhibited behaviour closer to the subgame-perfect equilibrium, in which the proposer's share is much larger than that of the responder. We have observed significant differences in the behaviour of real subjects depending on the type of "mutants" (virtual players) that were present in their environment.
UR - http://www.scopus.com/inward/record.url?scp=29044442236&partnerID=8YFLogxK
U2 - 10.1111/j.1468-5876.2005.00329.x
DO - 10.1111/j.1468-5876.2005.00329.x
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AN - SCOPUS:29044442236
SN - 1352-4739
VL - 56
SP - 363
EP - 385
JO - Japanese Economic Review
JF - Japanese Economic Review
IS - 3
ER -