Experimental Performance of Deliberation-Aware Responder in Multi-Proposer Ultimatum Game
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F17%3A00479459" target="_blank" >RIV/67985556:_____/17:00479459 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Experimental Performance of Deliberation-Aware Responder in Multi-Proposer Ultimatum Game
Original language description
The ultimatum game serves for studying various aspects of decision making (DM). Recently, its multi-proposer version has been modified to study the influence of deliberation costs. An optimising policy of the responder, switching between several proposers at non-negligible deliberation costs, was designed and successfully tested in a simulated environment. The policy design was done within the framework of Markov Decision Processes with rewards also allowing to model the responder’s feeling for fairness. It relies on simple Markov models of proposers, which are recursively learnt in a Bayesian way during the game course. This paper verifies, whether the gained theoretically plausible policy, suits to real-life DM. It describes experiments in which this policy was applied against human proposers. The results – with eleven groups of three independently acting proposers – confirm the soundness of this policy. It increases the responder’s economic profit due to switching between proposers, in spite of the deliberation costs and the used approximate modelling of proposers. Methodologically, it opens the possibility to learn systematically willingness of humans to spent their deliberation resources on specific DM tasks.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
10201 - Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8)
Result continuities
Project
<a href="/en/project/GA16-09848S" target="_blank" >GA16-09848S: Rationality and Deliberation</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the NIPS 2016 Workshop on Imperfect Decision Makers
ISBN
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ISSN
1938-7228
e-ISSN
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Number of pages
10
Pages from-to
51-60
Publisher name
JMLR
Place of publication
Cambridge
Event location
Barcelona
Event date
Dec 9, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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