Conflicts between favorites and underdogs are everyday phenomena. We examine their strategic behavior in an experimental contest, and find behavior partially consistent with predictions. Favorites given a first-mover advantage do overcommit effort relative to Nash. Underdogs often select the best re
Information, Strategic Behavior, and Fairness in Ultimatum Bargaining: An Experimental Study
✍ Scribed by Werner Güth; Eric van Damme
- Publisher
- Elsevier Science
- Year
- 1998
- Tongue
- English
- Weight
- 304 KB
- Volume
- 42
- Category
- Article
- ISSN
- 0022-2496
No coin nor oath required. For personal study only.
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