EconPapers    
Economics at your fingertips  
 

TIME INCONSISTENCY AND LEARNING IN BARGAINING GAMES

Zafer Akin ()

Game Theory and Information from EconWPA

Abstract: The literature on time-inconsistent preferences introduced naive, partially naive and sophisticated as types of agents that represent different levels of unawareness of agents' self-control problems. This paper incorporates time-inconsistent players in a sequential bargaining model. We first consider 'naive' agents who never learn about their types and show that bargaining between such a player and a standard exponential agent ends in immediate agreement. The more naive a player, the higher his share. If naive agents can learn their type over time, we show that there is a critical date such that there is no agreement before that date. Hence, existence of time-inconsistent players who can learn as they play the game can be another explanation for delays in bargaining.

Keywords: Hyperbolic discounting; learning; bargaining; delay (search for similar items in EconPapers)
JEL-codes: C7 D8 (search for similar items in EconPapers)
Date: 2005-07-06
Note: Type of Document - pdf; pages: 40
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://econwpa.repec.org/eps/game/papers/0507/0507003.pdf (application/pdf)

Related works:
Journal Article: Time inconsistency and learning in bargaining games (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:0507003

Access Statistics for this paper

More papers in Game Theory and Information from EconWPA
Series data maintained by EconWPA ().

 
Page updated 2017-11-19
Handle: RePEc:wpa:wuwpga:0507003