Analyzing ultimatum bargaining: A bayesian approach to the comparison of two potency curves under shape constraints

Duncan K.H. Fong, Gary E. Bolton

Research output: Contribution to journalArticle

11 Scopus citations

Abstract

An experiment designed to test whether experimenter observation influences play of the ultimatum game led to a comparison of proportions of perfect equilibria obtained under different conditions. Our analysis features a Bayesian approach to this comparison. Our method extends recent work in the nonparametric Bayesian analysis of bioassay problems when the prior constrains the form of the potency curve. Sampling-based approaches to calculating posterior features of interest are used and discussed. We conclude that experimenter observation has a small influence but not enough to account for most of the deviation from perfect-equilibrium play.

Original languageEnglish (US)
Pages (from-to)335-344
Number of pages10
JournalJournal of Business and Economic Statistics
Volume15
Issue number3
DOIs
StatePublished - Jul 1997

All Science Journal Classification (ASJC) codes

  • Statistics and Probability
  • Social Sciences (miscellaneous)
  • Economics and Econometrics
  • Statistics, Probability and Uncertainty

Fingerprint Dive into the research topics of 'Analyzing ultimatum bargaining: A bayesian approach to the comparison of two potency curves under shape constraints'. Together they form a unique fingerprint.

  • Cite this