Experiment 13: Bargaining

The experiment was conducted on 15 November, 1996, at
Carnegie Mellon University by John H. Miller 

Data for Table L13.1
Offers and Outcomes---Session 1
Price	Accept (a)
Offered	Reject (r)
110	a
125	a
101	r
125	a
130	a
120	a
101	a
125	a
101	r
101	r
101	r
120	a
125	a
125	a
125	a
125	a
120	a
135	a
101	r
101	r
149	a
101	r
125	a
120	a
101	r
105	r
110	a
130	a
101	a
125	a

Data for Table L13.3
Offers and Outcomes---Session 1, Round 2
We did not run two rounds of this session.

Data for Table L13.5
Offers and Outcomes---Session 2
Price	Accept (a)	Counteroffer
Offered	or Counter	Accepted?	
101	120		y
110	125		y
125	115		y
110	115		y
110	115		y
129	a
120	a
126	a
125	a
115	a
125	a
129	a
125	a
130	a
125	a
120	a

Data for Table L13.8
Offers and Outcomes---Session 3
Buyer's	Seller	Buyer	Second	
Offer	accept	accept	Offer
	counter	counter	accepted
115	120	105	n
115	123	105	n
125	115	101	n
110	118	a
117	115	a
109	120	a
125	a
130	a
125	a
120	a
125	a
110	a
125	a
125	a
123	a
120	a
120	a

Centipede Game

The values for the centipede game were:

start --> <1a> -C--> <2b> -C--> <1c> -C--> <2d> -C---
           S          S          S          S       |     
           |          |          |          |       |
$Ply 1    0.40       0.20       1.60	   0.80    6.40
$Ply 2    0.10       0.80       0.40       3.20    1.60

We observed five types of patterns in the centipede game.

3 people:
1_a C  1_c C
2_b C  2_d C

13 people:
1_a S  1_c S
2_b S  2_d S

10 people:
1_a C  1_c S
2_b C  2_d S

4 people:
1_a C  1_c S
2_b S  2_d S

3 people:
1_a C  1_c C
2_b C  2_d S

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