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: | Huyck J. van, Battalio R., Mathur S., Huyck P. van, Ortmann A. |
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.