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...