• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2015 > Volume 3 Number 11 (Nov. 2015) >
JOEBM 2015 Vol.3(11): 1041-1045 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.331

An Investigation of Video Experiment on Dynamic Bargaining Game

Wanbo Lu, Zhenxin Li, and Huihui Li

Abstract— Experimental economics has been became one of the most active areas in economics nowadays. Based on the data and copy from a video experiment on the dynamic bargaining game conducted at Sichuan University recently, this paper studies the factors influencing negotiating behavior, the hypothesis of rational economic man in the dynamic bargaining game experiment. Our experiment simulates the non-cooperative two-person characteristic function game. We find that the fairness and patience do impact the bargaining behavior in the experiment and the hypothesis of rational economic man is threatened to some extent. At most of time, economic man is bounded rationality, resulting in a deviation from the optimum strategy, challenging the classical game theory in a sense.

Index Terms— Bounded rationality, characteristic function, fairness, nonparametric test.

The authors are with the School of Statistics, Southwestern University of Finance and Economics, Chengdu, 610074, China (e-mail: luwb@ swufe.edu.cn, scofieldxin@163.com, lihuihui518@126.com).

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Cite: Wanbo Lu, Zhenxin Li, and Huihui Li, " An Investigation of Video Experiment on Dynamic Bargaining Game," Journal of Economics, Business and Management vol. 3, no. 11, pp. 1041-1045, 2015.

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