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Effects of payoff information in multistage mixed‐motive games
Author(s) -
Rapoport Am
Publication year - 1969
Publication title -
behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 0005-7940
DOI - 10.1002/bs.3830140305
Subject(s) - stochastic game , interdependence , mathematical economics , normal form game , psychology , economics , microeconomics , computer science , mathematics , game theory , repeated game , political science , law
A two‐person multistage mixed‐motive game (MMG) simulates the basic characteristics of interdependent conflicts. MMG is composed of several interconnected subgames in each of which a joint decision by the two players determines a payoff for each of them as well as the next subgame to be played. Three groups of subjects played the MMG, differing from one another in the amount of information possessed about the payoffs of the other player. It was found that as the amount of information decreased the percent of cooperative choices and the difference in gain within dyads increased. A model for MMG accounted for the stated policies of the majority of the subjects. Difficulties encountered in testing the model are discussed briefly.