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Bounded Rationality in Bargaining Games: Do Proposers Believe That Responders Reject an Equal Split?
Puzzled by the experimental results of the 'impunity game' by Bolton and Zwick (1995) we replicate the game and alter it in a systematic manner. We find that although almost nobody actually rejects an offered equal split in a bargaining game, proposers behave as if there would be a considerably large rejection rate for equal splits. This result is inconsistent with existing models of economic decision making. This includes models of selfish players as well as models of social utility and reciprocity, even when combined with erroneous decision making. Our data suggests that subjects fail to foresee their opponent's decision even for one step in our simple bargaining games. We consider models of bounded rational decision making such as rules of thumb as explanations for the observed behavioral pattern.
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|24 pages
|Date of creation:
|19 Jun 2004
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| Postal: Albertus Magnus Platz, 50923 Köln
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Matthew Rabin., 1992.
"Incorporating Fairness into Game Theory and Economics,"
Economics Working Papers
92-199, University of California at Berkeley.
- Rabin, Matthew, 1993. "Incorporating Fairness into Game Theory and Economics," American Economic Review, American Economic Association, vol. 83(5), pages 1281-1302, December.
- M. Rabin, 2001. "Incorporating Fairness into Game Theory and Economics," Levine's Working Paper Archive 511, David K. Levine.
- Gary E Bolton & Rami Zuwick, 2010.
"Anonymity versus punishments in ultimatum bargaining,"
Levine's Working Paper Archive
826, David K. Levine.
- Bolton Gary E. & Zwick Rami, 1995. "Anonymity versus Punishment in Ultimatum Bargaining," Games and Economic Behavior, Elsevier, vol. 10(1), pages 95-121, July.
- Brandts, J. & Charness, G., 1998.
"Hot Vs. Cold: Sequential Responses and Preference Stability in Experimental Games,"
UFAE and IAE Working Papers
424.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Jordi Brandts & Gary Charness, 2000. "Hot vs. Cold: Sequential Responses and Preference Stability in Experimental Games," Experimental Economics, Springer;Economic Science Association, vol. 2(3), pages 227-238, March.
- Jordi Brandts & Gary Charness, 1998. "Hot vs. cold: Sequential responses and preference stability in experimental games," Economics Working Papers 321, Department of Economics and Business, Universitat Pompeu Fabra.
- Charness, Gary B & Brandts, Jordi, 1998. "Hot vs. Cold: Sequential Responses and Preference Stability in Experimental Games," University of California at Santa Barbara, Economics Working Paper Series qt4kx7d5pv, Department of Economics, UC Santa Barbara.
- James Andreoni & Marco Castillo & Ragan Petrie, 2003. "What Do Bargainers' Preferences Look Like? Experiments with a Convex Ultimatum Game," American Economic Review, American Economic Association, vol. 93(3), pages 672-685, June.
- Gary E. Bolton & Rami Zwick & Elena Katok, 1998. "Dictator game giving: Rules of fairness versus acts of kindness," International Journal of Game Theory, Springer;Game Theory Society, vol. 27(2), pages 269-299.
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About nationalsummary
This is the blog for the United States' national forecast. These summaries are by Weather Underground forecasters and are updated twice each day.
By: nationalsummary , 10:12 PM GMT on August 12, 2014
Weather Underground Forecast for Wednesday, August 13, 2014
A cold front will extend from the western Gulf Coast the the northern Mid-Atlantic on Wednesday, while a separate cold front will move across the Northwest.
A low pressure system will move slowly across the northern Mid-Atlantic on Wednesday. This system will carry heavy rain and thunderstorms across the Northeast, which could lead to flash flooding over Connecticut, Massachusetts, Vermont, New Hampshire and southwest Maine. Isolated showers and thunderstorms will also develop over the northern Mid-Atlantic. Additionally, a cold front associated with this low pressure will extend across the Eastern Seaboard and the Gulf Coast. As this cold front interacts with a warm, muggy air mass, thunderstorms will develop across the southern Mid-Atlantic, the Southeast and the Gulf Coast. High pressure will keep conditions clear across the Mississippi Valley, the Tennessee Valley and the western tier of the Ohio Valley.
A separate cold front will stretch from the northern Plains to the western Great Lakes. Rain and thunderstorms are forecast to develop over the northern and central Plains on Wednesday. Just to the southwest, monsoonal moisture will continue to initiate scattered thunderstorms across the Four Corners and parts of the Desert Southwest. These thunderstorms will bring a threat of flash flooding to northwest New Mexico and southwest Colorado.
A strong low pressure system will move eastward over the Pacific Northwest. A cold front associated with this system will extend across Washington, Oregon and northern California. Severe thunderstorms are forecast to develop ahead of this frontal boundary over southeast Washington, northeast Oregon, Idaho and western Montana. These thunderstorms will be capable of producing large hail, dangerous straight line winds and heavy rain.
The views of the author are his/her own and do not necessarily represent the position of The Weather Company or its parent, IBM.
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Mountain Shadows Apartments offer luxury and resort style living in the heart of the Sonoma County wine country. We are conveniently located near shopping, entertainment, the US-101 freeway, schools and Foxtail Golf Course. Residents of Mountain Shadows Apartments enjoy modern upscale amenities nestled in the heart of Sonoma County. Call about our upgraded units.
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Oxford Academy slips in latest Newsweek ranking
Oxford Academy in Cypress ranked 16th in the annual Newsweek magazine's "America's Top High Schools" report released his week.
It's the third straight year the school has ranked in the top 20 nationally, but the Oxford fell from the top 10 for the first time since 2006. The school ranked ninth in 2008 and eighth in 2007.
Troy High School in Fullerton, ranked 31st, was the only other Orange County high school in the top 100. Dallas' School for the Talented and Gifted ranked as the top school in the nation.
Newsweek, which has ranked public schools since 1998, measures schools on a ratio that includes the number of Advanced Placement, International Baccalaureate tests taken at the school in 2008 divided by the number of graduating seniors.
The focus is on AP and IB because the courses are supposed to give students an opportunity to experience challenging, college-level work while still in high school.
Oxford, a public high school, opened in 1998 as a college-preparatory school for students in grades 7 to 12. It draws 1,100 students from across the Anaheim Union High School District.
All Oxford students are required to participate in an honors curriculum in core academic subjects. Students must also take a minimum of four advanced placement courses to graduate.
Oxford ranked as thetop school in the countyfor two straight years in the Register's Best Public High Schools report. The 2009 Register ranking, released two weeks ago, used about three dozen different measurements that included API data, STAR scores, SAT figures, and music and arts enrollment.
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Welcome, Guest!
Tenn Tex drawer bumpers prevents runners on interior drawers from marring the inside of your cabinet doors. Made of high strength nylon and are 7/16" or 11/16" thick.
This item is an ORMD product for shipping purposes "Other Regulated Materials-Domestic" and cannot be shipped via any "Air" service.
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Note: If you order a quantity greater than one of this item, you will only be charged $12 once but if other "oversized" products are ordered they will also incur and additional $12 charge.


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The original Woodstock site is now home to a booming cultural center, including the Bethel Woods Museum and an annual summer concert series.
Tag Archives: woodstock
Lucky Peterson records with Woodstock players
Storm Thorgerson, Hipgnosis and the art of the album cover
Reliving a Groovy Time
Creedence Clearwater Revival: Three of a kind
by Chris M. Junior — In terms of artistic achievements and commercial success, 1969 was a very good year for Creedence Clearwater Revival. The band released three studio albums, scored seven Billboard Hot 100 chart entries and made multiple TV and rock festival appearances — all told, more than most bands achieve in an entire career.
Backstage Pass: Eddie Kramer and the sounds of Woodstock
Woodstock performers share their memories
Woodstock was a nightmare for The Grateful Dead. Though Woodstock was not an easy gig for anybody, The Grateful Dead experienced more than their fair share of problems, with dangerous technical problems, a deluge of rain and a stage that seemed on the brink of giving way throughout their show. With this year marking the 40th anniversary of Woodstock, Goldmine asked a number of artists who were there to share their memories of those three days.
Woodstock: Peace, Music & Memories Day Three
Woodstock: Peace, Music & Memories – Day Two
Saturday morning dawned soggy and gray, and Michael Launder, 17, from Albion, New York, and his friend, Billy, hitched a ride on the trunk of a car covered in people. "There were about eight guys inside and another five or six sitting on the hood and trunk, so we just jumped on," says Launder. "When we finally reached the festival, it was very surprising to see the state troopers with their 'Smokey' hats off, hanging with the rest of us."


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Britney Spears paid a visit to Ryan Seacrest's radio show on Friday, Mar. 4, to promote the release of her seventh studio album "Femme Fatale," which drops Mar. 29. It was the pop princess' first radio interview about the new record, which she calls "my best work yet."
"I love the album, I actually
listened to it on the way over here. It's definitely something that you
want to work out to. It's definitely upbeat," Spears says. "Will.i.am's on the record
and I'm a dancer so it's definitely something I can work with. It's
just really fun, it's a really really fun record."
Britney also premiered the final version of the album's second single, "'Til The World Ends," which was written by pop star Ke$ha. Britney reveals that it's actually her favorite song on the album. "I like it. It's just a good energy."
Ryan also asked if Britney will be touring anytime soon. "I'm supposed to be going on tour," Spears answered before her manager, Larry Rudolph, added, "early summer."
Ms. Britney opened up a bit about her longtime boyfriend Jason Trawick, saying, "He's definitely ripped. He just got on this health kick." When asked what they do in their downtime, she says, "We're really normal. We just like to watch movies, we work out a lot, we take walks."


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Spacious 4br/3.5 bath home in waterford plantation. Features include formal dining room, open living room, corner lot, lake view and large screened porch. To be sold strictly "as is". Buyer is responsible for all verifications.
Listing Date: 11-20-2011
Sold Date: 02-22-2012
Approx Days on Market: 3 months, 2 days
Asking Price: $249,900
Selling Price: $245,000
Price Difference: Reduced By $4,900
Fullbaths: 3
Halfbaths: 1
Style: Ranch
Construction: Resale
Year Built: 2005
Interior Features: Wshr/Dryer Connection
Floor Cover: Vinyl, Tile, Carpeting
Foundation: Slab
Exterior Finish: Yes
Exterior Finish: Brick Veneer, Vinyl Siding
Exterior Features: Front Porch, Rear Porch
Hoa Calculated Monthly: 60
Acres: 0.00
Lot Description: Corner
Lot Location: Lake
Parking Capacity: 2
Parking Type: Attached 2-Car
Tax Map: 39904010004
Estage: 11
Assoc Amenities: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool, Tennis Court
Beds: 4
Dining Room: Formal
Masterbedroom: 1St Flr Level, Walk-In Closet
Kitchen: Work Island
Other Rooms: 1st Floor Bedrooms, 1st Floor Baths, Foyer, Laundry/Utility, Screened Porch
Sale Or Rent: For Sale
Closing Date: 2012-02-22
Sold Price: $245,000
Stipulation Of Sale: Foreclosure-Deed Recorded
Sqft Total: 2,525
Est Heated Sqft: 2101-2200
Est Sqft Und Roof: 2601-2700
Total Htd Sqft: 2,193
Heating Cooling: Central Heat, Central Air, Electric
Waterheater: Electric
Utilities Available: Electricity, Water Public, Sewer, Cable Tv, Telephone
Elem: Carolina Forest Elementary Schoo
Middle: Ocean Bay Middle School
Courtesy of Century 21 The Harrelson Group
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Hotfrog Singapore provides information regarding Art Paper Bag in Singapore. Art Paper Bag is located at 7 Kallang Pl #02-11, Singapore 339153 and provides Paper Bags services. Contact them on 6337 0510 or by visiting them on their website http://www.artpaper.com.sg.
Is Art Paper Bag in 7 Kallang Pl #02-11, Singapore 339153 your business? Claim your listing and attract more leads by adding more content, photos and other business details.
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|« Date » · « Thread »
|"Xavier Hanin" <xavier.ha...@gmail.com>
|Re: IvyDE and properties in ivy.xml files
|Mon, 25 Aug 2008 18:28:50 GMT
On Mon, Aug 25, 2008 at 7:26 PM, Patrick Aikens <firstname.lastname@example.com> wrote: > I've asked this before and received no answers, so I want to try one more > time > before giving in to maintaining a patch on top of ivy or ivyde... > > We use ant properties in our ivy.xml files to point to an external file > that > defines the configurations used in our modules and specify versions of > dependencies. IvyDE doesn't know how to deal with these properties - is > there > any way to make this work in Eclipse, or would we have to make IvyDE or ivy > itself evaluate the properties in Eclipse? I can't imagine that we're the > only > ones using properties for dependency versions since it wouldn't be trivial > to > make sure that all ivy.xml files across a large set of projects keep the > version > of, say, log4j they use in sync. The workaround is to use settings specific to IvyDE which merely include your usual settings + load the properties file in which you define your versions. But I think there's an open issue in IvyDE JIRA asking to support properties loading in IvyDE directly to avoid this 'trick', feel free to submit a patch. Xavier -- Xavier Hanin - Independent Java Consultant http://xhab.blogspot.com/ http://ant.apache.org/ivy/ http://www.xoocode.org/
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This is the September 25, 2012 news archive. View today's Mets rumors and news.
New York Mets
New York Mets News and Rumors
Pirates, Mets bonded through late-season swoonsMLB.com Updated Sep 25, 2012The Pirates and Mets have second-half declines in common, both last season and this. And as unwanted as it may be, a bond between New York manager Terry Collins and counterpart Clint Hurdle exists. They twice have taken different routes to points of Sep…Share Tweet
Wright ties record for most hits in Mets historyNo matter what David Wright's future may be with the Mets, his name will be stamped across the franchise record books for years to come. Wright added another significant record to his ledger on Tuesday, homering in the first inning and adding a two-run …Share Tweet
Dickey to choose when he makes final startCall it dealer's choice. The Mets will allow R.A. Dickey to choose between making his final start on the last day of the season or the day before, manager Terry Collins said Tuesday.Share Tweet
Chipper intends to play in remaining home gamesDown to the final regular-season homestand of his career, third baseman Chipper Jones intends to play in all six of the Braves' games against the Marlins and Mets this week.Share Tweet


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ianjames Photographer
Miss Christina MarieModel Female Northampton, Massachusetts, US
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About MeHello! I have joined this site because I really enjoy modeling and I am looking to expand my portfolio. I caught the modeling bug when I went to have my acting headshots taken. The photoshoot was so much fun for me that I began searching for further opportunities. I love the chance that photography, as a medium, gives you to blend truth and fiction. As I mentioned I am an actress, having graduated from Hofstra University with a BA in drama, so for me photoshoots are performances. I love assuming and revealing characters, and amplifying different aspects of myself. I also love collaboration and meeting new people. I am an artist as well, and although I have my own strong aesthetic preferences, I am always open and excited to hear other people's ideas. I hope to work with many of you. Thanks for stopping by!
Things I would love to shoot:
1. I'm a bellydancer and I make my own costumes. I would love some pictures of me wearing them!
2. High Fashion.
3. Historical/period photoshoots.
4. Commercial--product promotion.
5. Comic book heroes/villains. I love comics and making costumes and I have a killer Poison Ivy costume.
6. Sci-Fi/Fantasy. Same as above. I have a Star Trek uniform (circa the Original Series) and a 5th Element costume that I'd love to work into a shoot.
7. Something woodsy and ethereal, maybe with a Lord of the Rings elf-like feel.
8. Businesswoman. I have a vast professional wardrobe and I feel this would be a beneficial look to have in my portfolio.
9. Anything you suggest that resonates with me.
No friend requests are accepted without a comment/tag/message first.
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No nudes. I will possibly bring an escort if I am shooting with you for the first time.
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After travelling hundreds of miles over the Andes mountains, from the small zoo she had lived in for years, Dominga is now in her forest sanctuary home.
A Private Members Bill to stop the suffering of wild animals in Englands circuses has been blocked by MP Christopher Chope.
MA Senator Tarr has introduced SD.2002 - the bill to prohibit traveling wild and exotic animal acts. ADI was honored to work with State Senator Bruce Tarr and local advocates on the bill, which reflects increasing public recognition that these acts are both cruel and dangerous.
PA State Senator Daylin Leach has reintroduced his bill to prohibit traveling wild and exotic animal acts, stating "the public will not tolerate this unconscionable cruelty any longer.
An angry mob, a 19-hour mountain journey, a specially-chartered international flight: Just three of the obstacles we overcame to take brothers Simba and Rey out of misery in the circus, home to Africa.
The multi-award winning action-documentary, Lion Ark, is available worldwide!
From Joseph to Ricardo to Cholita, you can now buy a t-shirt of your favourite rescued animal.
After travelling hundreds of miles over the Andes mountains, from the small zoo she had lived in for years, the ADI team loads Dominga for a boat ride along the Madre de Dios River and then she is released into her new enclosure. Spectacled bear Dominga lost almost all of her fur due to stress after her sister died. Her new life starts in ADI's care at Taricaya Ecological Reserve today, next door to Cholita (another bald bear rescued by ADI). PLEASE SHARE HER STORY!
ADI urgently needs funds to care for the animals we rescue, including bears Dominga, Cholita, Lucho and Sabina - CAN YOU HELP? EVERY LITTLE BIT MAKES THE WORLD OF DIFFERENCE FOR THESE ANIMALS.
Donate US $ »
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Donate via PayPal / Euros »
You can adopt Dominga too!
Adopt Dominga US $ »
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Having secured and helped enforce an animal circus ban in Bolivia, saving all of the animals, ADI return to Latin America to assist the authorities in Peru and Colombia. Over 100 animals have been rescued during Operation Spirit of Freedom with 33 lions heading home to Africa.
Exposing what the animal abusers want to keep secret, ADI shines a light on Fur Farms... The Movie Industry... Laboratory monkey dealers... Britain's last circus elephant... Elephant rides... Circuses in South America... USA... UK and more...
ADI exposes suffering, educates and secures permanent change. Successes include: Circus bans across Latin America... Cosmetics testing ban in Europe... CITES rules for traveling shows... Elephant rides cancelled in California... NASA primate experiments halted... EU monkey test restrictions...


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Global Payments Credit Card Data Breach
On Sunday, card processor Global Payments announced that data from 1.5 million credit/debit card accounts had been "exported." It isn't so much the size of this breach that is significant, but the fact that the company breached is one of the world's largest payment processors.
Visa has allowed them to continue processing credit cards, but dropped them off their service provider registry (which is a BIG deal). The breach only affects North American merchants and cardholders. To give you an idea of how bad a breach at a large credit card processor can be, if a month's worth of the transactions they handle were exposed, it is entirely possible that more than 90% of all cardholders in the US would need new credit/debit cards.
This doesn't happen often. I only know of two other cases where a payment processor was hit by a breach. CardSystems Services, as a business, was literally destroyed by their breach. VISA and AMEX revoked processing rights, forcing CardSystems to have to shut down operations and sell off assets almost overnight. Heartland Payment Systems is the most recent case, and the second largest breach ever at 130 million. They were also stripped from the registry, but managed to recover, regain PCI compliance, and get back onto the registry within a year.
Global Payments had a public conference call at 8AM this morning that I didn't have time to attend, but which has resulted in an explosion of news stories on the breach.
The worst thing I've been able to determine from the details so far, is that it seems Global Payments was storing Track Data – information swiped from the magnetic stripe on the back of the card. The PCI DSS explicitly forbids storing track data (requirement 3.2.1), and PCI considers the storage of sensitive data to be one of the most serious PCI violations. CardSystems was effectively shut down for a lesser violation, though their breach was much larger.
It will be interesting to see if any of the details of the breach are released. These details are essential for the rest of the industry to learn from Global's mistakes. I'd like to see:
- The attack vectors used, and the level of sophistication necessary to breach Global.
- How long the attackers had access to systems
- If track data really was stored, and what Global's excuse for such a violation is
- Why the breach was limited to only 1.5 million accounts in North America. A large processor like Global might process 1.5 million transactions in just a few days. Why weren't more accounts stolen? Why only North America? Perhaps some effective segmentation was in place? That would be good news the PCI Council would be happy to point out.
- And of course, we'll hopefully eventually find out who the perps were, and their level of hacking expertise.
Time will tell.
Adrian Sanabria is a security consultant and PCI Qualified Security Assessor for Sword & Shield Enterprise Security. He draws on years of security experience in financial institutions to help large and small companies solve complex compliance and security problems. He is skilled with both high-level design as a system and security architect, and detailed analysis with a background in penetration testing, forensics and incident response. His blog is averysawaba.blogspot.com, and you can reach him on Twitter @sawaba.


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More Videos...
PAC Performance 20B turbo Mazda 6 SP
PAC Performance giving their new 20B triple rotary turbo powered Mazda 6 a blast at the Sport Compact Brisbane Jamboree. The car immediately ran a personal best pass of 6.57. http://www.facebook.com/fullBoostcomau http://www.youtube.com/user/fullBoostcomau http://www.fullBoost.com.au
Factory Xtreme - Sydney Jamboree 2012 - Q2
Q1 was amazing.. Q2 even more amazing!!! , help me promote FX across the globe!! World Class Sport Compact Cars at the best Sport Compact EVENT - Jamboree!! The boys have already pre entered Jamboree QLD i am hoping to see you all there!! Decision made last night.. our RX3 will be taking on the guys in M/C!! and a clip of our car will come after i finish off these FX vids. Cheers jr
World's Fastest Rotary - Pac Performance Mazda 6 (Onboard footage)
Pac Performance in the World's Fastest Rotary (6:47@222MPH) at Brisbane Jamboree.
Ian Racing Mazda 6 Starting Engine
Video Del Nuevo Ian Racing Mazda 6 Donde Ya El Auto Prendio LARGAS HORAS DE TRABAJO, BETUN PERFORMANCE, CHOLY RACE WORKS, LOQUITO KILLER, WILBERT PERFORMANCE, RAMSAMMY, GRS. PROXIMO STEP: DynoJET Video By: http://www.grs-motorsports.com/index/index.html ''Trabajando Por El Deporte''