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Extended optima and equilibria for continuous games
III. Comparison with bargaining experiments
Published online by Cambridge University Press: 17 February 2009
Abstract
The new optima and equilibria discussed in the preceding two papers are compared with the results of bargaining experiments between two and three players performed by Fouraker and Siegel. Experiments where players have complete or incomplete information are considered. There is clear evidence that the new optima are operating, and that traditional optima–Cournot, Pareto and competitive (threat)–are less satisfactory in explaining the course of the whole bargaining process.
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- Copyright © Australian Mathematical Society 1981
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