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Coalition Formation by Sophisticated Players (Paperback, Softcover reprint of the original 1st ed. 1979)
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Coalition Formation by Sophisticated Players (Paperback, Softcover reprint of the original 1st ed. 1979)
Series: Lecture Notes in Economics and Mathematical Systems, 169
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The three major aims of the present study were to (a) test some of
the major game-theoretic solutions for n-person games in
characteristic function form with data obtained from "rational"
players; (b) locate, assess, and explain differences between
sophisticated and naive subjects in coalition frequencies and
payoff disbursements; and (c) provide a common data base for
bargaining process analyses and testing of both present and future
models. To this end, five quartets of subjects each partici pated
in 16 different coalition formation tasks presented as
computer-controlled, four-person, characteristic function games
with sidepayments. All 20 subjects (a) were relatively
mathematically sophisticated, (b) were familiar with the major
solution concepts for characteristic function games, (c) could
safely assume that their co-players were equally sophisticated and
knowledgeable, and (d) possessed a high motivation to maximize
reward. The results showed that (a) sophisticated players are less
restricted than naive players in coalition choice, (b) their
payoffs are less variable and less galitarian, (c) these
differences between the two populations of sub jects increase with
the complexity of the game, and (d) for III the four-person, mDstly
non-superadditive games played in the present experiment, the
bargaining set M i) accounts more accurately for payoff
disbursements than do the competitive bargaining set H i), the
kernel K, and Selten's equal share analysis."
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