Article ID: | iaor2009588 |
Country: | Germany |
Volume: | 4 |
Issue: | 1 |
Start Page Number: | 103 |
End Page Number: | 116 |
Publication Date: | Feb 1996 |
Journal: | Central European Journal of Operations Research |
Authors: | Leopold-Wildburger Ulrike |
The experiment presented in this paper examines the influence of monetary rewards within a 3-person game in characteristic function form. The paper investigates the problem how typical behavior in social respect can be extracted from data of a group of experimental subjects. The experiment was carried out 108 times, each time three players with different power had to bargain about a real and a fictive amount of money respectively. Referring to their power the players will be called strong, medium and weak respectively. Twelve independent groups of 9 subjects played each of nine games once. A face to face procedure was used.