Coalition Formation by Sophisticated Players

The three major aims of the present study were to (a) test some of the major game—theoretic solutions for n—person games in characteristic function form with data obtained from "rational" players; (b) locate, assess, and explain differences between sophisticated and naive subjects in coalition frequencies and payoff disbursements; and (c) provide a common data base for bargaining process analyses and testing of both present and future models. To this end, five quartets of subjects each part...