Backward induction: ultimatums and bargaining [Game theory]

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Autor(es): dc.contributorUniversidade Estadual Paulista (UNESP)-
Autor(es): dc.creatorPolak, Ben-
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Descrição: dc.descriptionEducação Superior::Ciências Sociais Aplicadas::Economia-
Descrição: dc.descriptionPresents a class about bargaining. According the Professor, the people develop a simple model of bargaining, starting from an ultimatum game (one person makes the other a take it or leave it offer), and building up to alternating offer bargaining (where players can make counter-offers). On the way, we introduce discounting: a dollar tomorrow is worth less than a dollar today. We learn that, if players are equally patient, if offers can be in rapid succession, and if each side knows how much the game is worth to the other side, then the first offer is for an equal split of the pie and this offer is accepted. But this result depends on those assumptions; for example, bargaining power may depend on wealth-
Publicador: dc.publisherYale University, Open Yale Courses-
Relação: dc.relationBackward induction.mp3-
Direitos: dc.rightsYale University 2009. Some rights reserved. Unless otherwise indicated in the applicable Credits section of certain lecture pages, all content on this web site is licensed under a Creative Commons License. Please refer to the Credits section to determine whether third-party restrictions on the use of content apply-
Palavras-chave: dc.subjectEducação Superior::Ciências Sociais Aplicadas::Economia::Teoria Monetária e Financeira-
Palavras-chave: dc.subjectEconomics-
Palavras-chave: dc.subjectBargaining-
Título: dc.titleBackward induction: ultimatums and bargaining [Game theory]-
Tipo de arquivo: dc.typeáudio-
Aparece nas coleções:Repositório Institucional - Acervo Digital Unesp

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