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Artificial adaptive agent model characterized by learning and fairness in the ultimatum games

Treść / Zawartość
Identyfikatory
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper examines the result of the experimental research on the ultimatum games through simulation analysis. To do so, we develop agent-based simulation system imitating the behavior of human subjects in the laboratory experiment by implementing a learning mechanism involving a concept of fairness. In our agent-based simulation system, mechanisms of decision making and learning are constructed on the basis of neural networks and genetic algorithms.
Słowa kluczowe
Rocznik
Tom
Strony
36--44
Opis fizyczny
Bibliogr. 21 poz., rys.
Twórcy
autor
autor
autor
  • Department of Artificial Complex Systems Engineering, Graduate School of Engineering, Hiroshima University, 1-4-1 Kagamayama, Higashi-Hiroshima, 739-8527, Japan, hayashida@hiroshima-u.ac.jp
Bibliografia
  • [1] K. Abbink, G. E. Bolton, A. Sadrieh, and F.-F. Tang, “Adaptive learning versus punishment in ultimatum bargaining”, Games Econom. Behav., vol. 37, pp. 1–25, 2001.
  • [2] G. E. Bolton, “A comparative model of bargaining: theory and evidence”, Amer. Econom. Rev., vol. 81, pp. 1096–1136, 1991.
  • [3] G. E. Bolton and A. Ockenfels, “ERC: a theory of equity, reciprocity, and competition”, Amer. Econom. Rev., vol. 90, pp. 166–193, 2000.
  • [4] G. E. Bolton and R. Zwick, “Anonymity versus punishment in ultimatum bargaining”, Game Econom. Behav., vol. 10, pp. 95–121, 1995.
  • [5] M. Costa-Gomes and K. G. Zauner, “Ultimatum bargaining behavior in Israel, Japan, Slovenia, and the United States: a social utility analysis”, Game Econom. Behav., vol. 34, pp. 238–269, 2001.
  • [6] J. Duffy and N. Feltovich, “Does observation of others affect learning in strategic envirnments? An experimental study”, Int. J. Game Theory, vol. 28, pp. 131–140, 1999.
  • [7] E. Fehr and K. M. Schmidt, “A theory of fairness, competition and cooperation”, Q. J. Econom., vol. 114, pp. 817–868, 1999.
  • [8] R. Forsythe, J. L. Horowitz, N. E. Savin, and M. Sefton, “Fairness in simple bargaining experiments”, Games Econom. Behav., vol. 6, pp. 347–369, 1994.
  • [9] J. Gale, K. G. Binmore, and L. Samuelson, “Learning to be imperfect: the ultimatum game”, Games Econom. Behav., vol. 8, pp. 56–90, 1995.
  • [10] D. E. Goldberg, Genetic Algorithms in Search, Optimization, and Machine Learning. Reading: Addison Wesley, 1989.
  • [11] W. G¨uth, R. Schmittberger, and B. Schwarze, “An experimental analysis of ultimatum bargaining”, J. Econom. Behav. Organ., vol. 3, pp. 367–388, 1982.
  • [12] M. H. Hassoun, Fundamentals of Artificial Neural Networks. Cambridge: The MIT Press, 1995.
  • [13] E. Hoffman, K. A. McCabe, K. Shachat, and V. L. Smith, “Preferences, property rights, and anonymity in bargaining games”, Games Econom. Behav., vol. 7, pp. 346–380, 1994.
  • [14] E. Hoffman, K. A. McCabe, and V. L. Smith, “On expectations and the monetary stakes in ultimatum games”, Int. J. Game Theory, vol. 25, pp. 289–301, 1996.
  • [15] D. Kahneman, J. L. Knetsch, and R. H. Thaler, “Fairness and the assumptions of economics”, J. Bus., vol. 59, pp. S285–S300, 1986.
  • [16] R. D. McKelvey and T. R. Palfrey, “Quantal response equilibria for normal form games”, Games Econom. Behav., vol. 10, pp. 6–38, 1995.
  • [17] J. Neelin, H. Sonnenschein, and M. Spiegel, “A further test of noncooperative bargaining theory: comment”, Amer. Econom. Rev., vol. 78, pp. 824–836, 1988.
  • [18] M. Rabin, “Incorporating fairness into game theory and economics”, Amer. Econom. Rev., vol. 83, pp. 1281–1302, 1993.
  • [19] A. E. Roth and I. Erev, “Learning in extensive form games: experimental data and simple dynamic models in the intermediate term”, Games Econom. Behav., vol. 8, pp. 163–212, 1995.
  • [20] A. Roth, V. Prasnikar, M. Okuno-Fujiwara, and S. Zamir, “Bargaining and market behavior in Jerusalem, Ljubljana, Pittsburgh, and Tokyo: an experimental study”, Amer. Econom. Rev., vol. 81, pp. 1068–1095, 1991.
  • [21] E. Weg and V. Smith, “On the failure to induce meager offers in ultimatum game”, J. Econom. Psychol., vol. 14, pp. 17–32, 1993.
  • [22] K.-O. Yi, “Quantal-response equilibrium models of the ultimatum bargaining game”, Games Econom. Behav., vol. 51, pp. 324–348, 2005.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-article-BAT8-0010-0013
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