LEARNING TO BE IMPERFECT - THE ULTIMATUM GAME

被引:253
|
作者
GALE, J [1 ]
BINMORE, KG [1 ]
SAMUELSON, L [1 ]
机构
[1] UNIV LONDON UNIV COLL,DEPT ECON,LONDON WC1E 6BT,ENGLAND
基金
美国国家科学基金会;
关键词
D O I
10.1016/S0899-8256(05)80017-X
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper studies interactive learning processes that are subject to constant perturbations or ''noise.'' We argue that payoffs in the Ultimatum Game are such that responders are more apt to be ''noisy'' than are proposers and show that as a result the learning process readily leads to outcomes that are Nash equilibria but not subgame-perfect. We conclude that game theorists should not restrict attention to the subgame-perfect equilibrium when predicting laboratory behavior in the Ultimatum Game. (C) 1995 Academic Press, Inc.
引用
收藏
页码:56 / 90
页数:35
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