The influence of monetary rewards within a three-person experiment

The influence of monetary rewards within a three-person experiment

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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:
Abstract:

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.

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