English, Article, Journal or magazine article edition: Other Regarding Preferences: Outcomes, Intentions, or Interdependence Halevy, Yoram; Peters, Michael

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Bookmark: http://trove.nla.gov.au/version/2907
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Other Regarding Preferences: Outcomes, Intentions, or Interdependence
Author
  • Halevy, Yoram
  • Peters, Michael
Physical Description
  • preprint
Notes
  • The Ultimatum Game seems to be the ideal experiment to test for the structure of preferences or the sequential rationality assumptions underlying subgame perfection. We study the theoretical implications of introducing the possibility of misconceptions - that actions may potentially affect continuation payoffs - and show that the set of Perfect Bayesian Nash Equilibria does not converge to the subgame perfect equilibrium when the possibility of misconception approaches zero. The perfect equilibria studied corresponds qualitatively to the experimental findings of offers made and unfair offers rejected.
  • ulitmatum game, asymmetric information, interdependent preferences
  • RePEc:ubc:pmicro:peters-07-03-31-11-46-48
Language
  • English
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