Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/60195 
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dc.contributor.authorBerninghaus, Siegfried K.en
dc.contributor.authorGüth, Werneren
dc.contributor.authorSchosser, Stephanen
dc.date.accessioned2012-07-11-
dc.date.accessioned2012-07-26T11:11:42Z-
dc.date.available2012-07-26T11:11:42Z-
dc.date.issued2012-
dc.identifier.pidoi:10.5445/IR/1000028833en
dc.identifier.piurn:nbn:de:swb:90-288331en
dc.identifier.urihttp://hdl.handle.net/10419/60195-
dc.description.abstractBounded rationality questions backward induction, which however, does not exclude such reasoning when anticipation is easy. In our stochastic (alternating offer) bargaining experiment, there is a certain first-period pie and a known finite deadline. What is uncertain (except for the final period) is whether there is a further period. Whereas backward induction requires information about all later pie sizes and probabilities, forward reasoning is expected to consider only the immediate prospects. Rather than relying only on decision data, we try to assess the cognitive approach such as forward reasoning of backward induction by control of information retrieval. We find that participants who begin with the shortest games before playing possibly longer games, initially resort to backward induction before switching to forward-looking behavior.en
dc.language.isoengen
dc.publisher|aKarlsruher Institut für Technologie (KIT), Institut für Volkswirtschaftslehre (ECON) |cKarlsruheen
dc.relation.ispartofseries|aKIT Working Paper Series in Economics |x42en
dc.subject.jelC70en
dc.subject.jelC72en
dc.subject.jelC91en
dc.subject.ddc330en
dc.subject.keywordbackward inductionen
dc.subject.keywordforward reasoningen
dc.subject.keywordbargainingen
dc.subject.stwVerhandlungstheorieen
dc.subject.stwStochastischer Prozessen
dc.subject.stwBeschränkte Rationalitäten
dc.subject.stwTesten
dc.titleBackward induction or forward reasoning? An experiment of stochastic alternating offer bargaining-
dc.typeWorking Paperen
dc.identifier.ppn719215927en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:kitwps:42en

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