Bounded rational behavior in experimental games and markets : proceedings of the Fourth Conference on Experimental Economics, Bielefeld, West Germany, September 21-25, 1986
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Bounded rational behavior in experimental games and markets : proceedings of the Fourth Conference on Experimental Economics, Bielefeld, West Germany, September 21-25, 1986
（Lecture notes in economics and mathematical systems, 314）
Springer-Verlag, c1988
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- : gw
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Held at, financed and organized by the Zentrum für Interdisziplinäre Forschung in Bielefeld, Germany
Bibliography: p. [353]-362
Includes indexes
Description and Table of Contents
Description
"Modeling Bounded Rational Behavior in Experimental Games and Markets" was the general theme of the Fourth Conference on Experimental Economics, held from September 21 to 25, 1986 at the Zentrum fUr Interdisziplinare Forschung in Bielefeld, Germany. This volume contains the papers presented at this conference in a revised and condensed form. The discussed topics concern experimental economics in general, unilateral and bilateral decisions, auctions and markets, and the problem of coalition formation. A selective bibliograpghy of the participants' work in the field of experimental economics is added. On behalf of the Conference Board and of the Gesellschaft fur Experimentelle Wirtschaftsforschung we express thanks to the Zentrum fur Interdiszipl inare Forschung for organizing and financing the conference. We owe thanks also to an anonymous donor for additional financial support. We thank Ulrich Vossebein and Sigrid . Manthey for their help in preparing the conference and this publication. Reinhard Tietz Wulf Albers Reinhard Selten CONTENTS PREFACE III CONTENTS v I.
EXPERIMENTAL ECONOMICS Reinhard Tietz 3 Experimental Economics: Ways to Model Bounded Rational Bargaining Behavior - Introductory Remarks to the Fourth Conference on Experimental Economics - Daniel Kahneman 11 Experimental Economics: A Psychological Perspective II. UNILATERAL DECISIONS Monika Isis Ksiensik and Dirk Wendt 21 Normative and Individual Strategies in Social Dilemmata Friedel Bolle 37 Learning to Make Good Predictions in Time Series John D. Hey and Valentino Dardanoni 51 A Preliminary Analysis of a Large-Scale Experimental Investigation into Consumption under Uncertainty Oswald Huber 66 Mental Representation in Multistage Decision Making III.
Table of Contents
I. Experimental Economics.- Experimental Economics: Ways to Model Bounded Rational Bargaining Behavior - Introductory Remarks to the Fourth Conference on Experimental Economics.- Experimental Economics: A Psychological Perspective.- II. Unilateral Decisions.- Normative and Individual Strategies in Social Dilemmata.- Learning to Make Good Predictions in Time Series.- A Preliminary Analysis of a Large-Scale Experimental Investigation into Consumption under Uncertainty.- Mental Representation in Multistage Decision Making.- III. Bilateral Decisions.- Stability and Outcome Tradeoffs in Asymmetric Dilemmas: Conditions Promoting the Discovery of Alternating Solutions.- The Influence of Social Orientation and Generalized Expectancies on Decision Making in Iterated Experimental Games.- Ultimatum Bargaining for a Shrinking Cake - An Experimental Analysis.- Bounded Rational Strategies in Sequential Bargaining: An Experiment and a Learning by Evolution Strategy.- Semi-Normative Properties of Bounded Rational Bargaining Theories.- Modeling Mediator Behavior in Experimental Games.- IV. Auctions and Markets.- Dual Ceteris Paribus Comparisons: Some Initial Thoughts on Laboratory Isolation of Equilibrium Forces in Auction Markets.- Learning in Common Value Auctions.- Inflation and Expectations in Experimental Markets.- Modeling Investment Behavior in an Experimental Market.- V. Coalition Formation.- Order of Strength and Exhaustivity as Additional Hypotheses in Theories for 3-Person Characteristic Function Games.- The Effects of Justice Norms in a Bargaining Situation.- Modeling Coalition Formation in Inessential Probabilistic Games.- Sequential Games of Status: A Replication.- Equal Share Analysis for Location Games.- Limits of Rational Behavior in Cooperatively Played Normal Form Games.- Revealed Aspirations and Reciprocal Loyalty in Apex Games.- VI. Bibliography.- Selected Bibliography of the Participant's Contributions to Experimental Economics.- Author Index.
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