Descriptive theories of bargaining: an experimental analysis of two- and three-person characteristic function bargaining. Lecture notes in economics and mathematical systems ; 341

Uhlich, Gerald R.:

ISBN 10: 3540524835 / ISBN 13: 9783540524830

Published by Berlin; Heidelberg; New York; London, Paris; Tokyo: Springer, 1990

About this Item

165 S. Das hier angebotene Buch stammt aus einer teilaufgelösten Bibliothek und kann die entsprechenden Kennzeichnungen aufweisen (Rückenschild, Instituts-Stempel.); der Buchzustand ist ansonsten ordentlich und dem Alter entsprechend gut. In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 315.

Seller Inventory # 2206673

Bibliographic Details

• Title: Descriptive theories of bargaining: an experimental analysis of two- and three-person characteristic function bargaining. Lecture notes in economics and mathematical systems ; 341
• Publisher: Berlin; Heidelberg; New York; London, Paris; Tokyo: Springer
• Publication Date: 1990
• Language: English
• ISBN 10: 3540524835
• ISBN 13: 9783540524830
• Binding: Broschiert
• Condition: Gut
• Weight: 315 grams
• Seller catalogs:
  • 604 Wirtschaft

About this title

Synopsis

The aim of this book is the presentation of two new descriptive theories for experimental bargaining games and a comparison with other descriptive and normative theories. To obtain data it was necessary to develop two sets of computer programs for computer controlled ex­ periments. Moreover, data obtained by other researchers, which are available to us will be included in this study. The use of laboratory experiments in economics was introduced by THURSTONE [1931] in the field of utility theory. CHAMBERLIN [1948] was the first person to establish an expe­ rimental market for the purpose of testing a theory. The first experiment on characteristic function games was done by KALISH, MILNOR, NASH, and NERING [1954]. Today the use of experiments in controlled laboratory settings has become widespread. Earlier, economists went into the field to observe phenomena as the behavior of individuals, corporations and nations in action, then they formulated theories to explain what they saw. But unlike natural scientists, economists have not been able to test their theories under controlled conditions. Now experimental economists are able to replicate their results. Replication is very proble­ matic for field studies, because rarely the same conditions can be established again. Moreover, experimenters are able to test theories for situations described by simplified models which are not observable in the real world.