| MACH, Petr, Jan POKORNÝ a Radim VALENČÍK. ANALYSIS TOOLS OF POSITIONAL INVESTMENTS AND THE ULTIMATUM GAME. Economy & Business. Burgas (Bulgaria): Science Events Ltd, 2023, roč. 17, č. 1, s. 166-180. ISSN 1314-7242. |
Další formáty:
BibTeX
LaTeX
RIS
@article{10875,
author = {Mach, Petr and Pokorný, Jan and Valenčík, Radim},
article_location = {Burgas (Bulgaria)},
article_number = {1},
keywords = {nash bargaining problem; game theory; ultimatum game; positional investment neutrality function},
language = {eng},
issn = {1314-7242},
journal = {Economy & Business},
title = {ANALYSIS TOOLS OF POSITIONAL INVESTMENTS AND THE ULTIMATUM GAME},
url = {https://www.scientific-publications.net/get/1000060/1698073662342939.pdf},
volume = {17},
year = {2023}
}
TY - JOUR
ID - 10875
AU - Mach, Petr - Pokorný, Jan - Valenčík, Radim
PY - 2023
TI - ANALYSIS TOOLS OF POSITIONAL INVESTMENTS AND THE ULTIMATUM GAME
JF - Economy & Business
VL - 17
IS - 1
SP - 166-180
EP - 166-180
PB - Science Events Ltd
SN - 13147242
KW - nash bargaining problem
KW - game theory
KW - ultimatum game
KW - positional investment neutrality function
UR - https://www.scientific-publications.net/get/1000060/1698073662342939.pdf
N2 - This paper deals with the analysis of players' decision-making, using tools describing the role of positional investing. It discusses the differences between predicted and empirically observed decision- making in the ultimate game (UG). Empirically observed behavior has its rational basis in evaluating the bargaining position of future conflicts. We extend Nash's bargaining problem with a positional neutrality function. The positional neutrality function identifies an area of possible agreement in which one player's position in future games is not improved at the expense of the other. We used this analytical tool in a pilot UG experiment with 64 participants. We study the player's reactions in the experiment after adding additional information on future investment possibilities. Findings from the seven-rounded UG experiment support the predictive ability of positional neutrality functions. Hence, we assume that the “notion of fairness” can be explained as the “notion of positional neutral pay-off division.”
ER -
MACH, Petr, Jan POKORNÝ a Radim VALENČÍK. ANALYSIS TOOLS OF POSITIONAL INVESTMENTS AND THE ULTIMATUM GAME. \textit{Economy \&{} Business}. Burgas (Bulgaria): Science Events Ltd, 2023, roč.~17, č.~1, s.~166-180. ISSN~1314-7242.
|
