On the role of fairness and limited backward induction in sequential bargaining games

  title={On the role of fairness and limited backward induction in sequential bargaining games},
  author={Xiangyu Qu and Prashant Doshi},
  journal={Annals of Mathematics and Artificial Intelligence},
  • Xiangyu Qu, P. Doshi
  • Published 1 March 2017
  • Economics
  • Annals of Mathematics and Artificial Intelligence
Experiments show that in sequential bargaining games (SℬG$\mathcal {SBG}$), subjects usually deviate from game-theoretic predictions. Previous explanations have focused on considerations of fairness in the offers, and social utility functions have been formulated to model the data. However, a recent explanation by Ho and Su (Manag. Sci. 59(2), 452–469 2013) for observed deviations from game-theoretic predictions in sequential games such as the Centipede game is that players engage in limited… 



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