Melkonyan, Tigran
[VerfasserIn]
;
Zeitoun, Hossam
[Sonstige Person, Familie und Körperschaft];
Chater, Nick
[Sonstige Person, Familie und Körperschaft]
Virtual Bargaining as a Formal Account of Tacit Agreements
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 25, 2018 erstellt
Beschreibung:
We provide a theoretical framework for understanding tacit agreements — agreements that are spontaneously understood even if they are not explicitly stated. To examine tacit agreements, we develop a general formal account of “virtual bargaining” — a mode of reasoning that joins elements of individualistic and collaborative reasoning — and apply it to five games representing broad classes of (one-shot and dynamic) interactions. The virtual bargaining account offers a unified framework to explain how people identify tacit agreements that either choose a specific Nash equilibrium (among multiple equilibria) or pick out options that are (experimentally well-known) deviations from the Nash equilibrium