Open Access. Powered by Scholars. Published by Universities.®
Physical Sciences and Mathematics Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Physical Sciences and Mathematics
Rationality In Bargaining By Finite Automata, Jim Bell
Rationality In Bargaining By Finite Automata, Jim Bell
Theses and Dissertations (Comprehensive)
Aspects of behavioral decision-making can be integrated into game-theoretic models of two-player bargaining using finite automata which can represent bargaining strategies in combination with various behavioral traits. The automata are used as bargaining agents who must jointly agree upon a fixed allocation of transferable utility in an infinite-horizon Rubinstein bargaining game. At each turn, the automata are given the opportunity to accept a proposed portion of the transferable utility, or to reject the proposal and make a counter-offer of their own. A round-robin tournament and ecological simulations were run to explore strategic dominance under different conditions. Principles of bargaining strategy …