On the origin of convention: Evidence from symmetric bargaining games

On the origin of convention: Evidence from symmetric bargaining games

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Article ID: iaor19961716
Country: Germany
Volume: 24
Issue: 2
Start Page Number: 187
End Page Number: 212
Publication Date: Apr 1995
Journal: International Journal of Game Theory
Authors: , , , ,
Abstract:

The authors use a dynamical systems approach to model the origin of bargaining conventions and report the results of a symmetric bargaining game experiment. The present 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, the authors do observe unequal-division conventions emerging in communities of symmetrically endowed subjects.

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