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1、Bargaining(andcoordination)ExercisesLet’sgothroughseveralexercisesquickly,writedownyouranswerstoeach,andwe’lltalkaboutthemwhenwe’redone…•1.Youandoneotherpersonhavetheopportunitytodivide$90.•Todoso,youmusteachwritedownyourdemanddi.•Ifthetwodemandssumtonomorethan$90,thenyouandtheotherp
2、ersonwilleachreceiveyourdemanddi.•Ifthetwodemandssumtomorethan$90,thenyoueachreceive$0.•(Youwillberandomlymatchedwithoneotherpersonintheclass…)•Willeveryonepleasewritedowntheirnumber.2•2.Youandoneotherperson,ontheothersideoftheroomfromyou,havetheopportunitytodivide90chips.•Todoso,you
3、musteachwritedownyourdemanddLifyouareontheleft,dRifyouareontheright.•Ifthetwodemandssumtonomorethan90,thenthepersonontheLeftreceives$dLandthepersonontheRightreceives$2dR.(Thatis,chipsontheLeftareworth$1each,andchipsontheRightareworth$2each.)•Ifthetwodemandssumtomorethan90,thenyoueach
4、receive$0.•(Youwillberandomlymatchedwithoneotherpersonontheothersideoftheclass…)•Willeveryonepleasewritedownthenumberofchipstheydemand.33.Nameanumber(Schelling)•Pickapositiveinteger.•Ifyouandanotherrandomlyselectedpersonintheroomhavechosenthesamenumber,youwillreceivethatamountindolla
5、rs,otherwiseyoueachreceivezero.•(AssumethatthisstudyisbackedbythefullfaithandcreditoftheUnitedStates.)44.Chooseadistribution(Schelling)•Youareoneofagroupof3people,whomustagreeonhowtodivide$100.Therulesarethatoneofyoumustget$50,onemustget$30,andone$20.Or,youcouldallgetzero.•Eachofyoui
6、sdesignatedbyacolor,Orange,Blue,andReddealtrandomlytoyou.(e.g.thecardswitheachcolorareshuffledtogetherandthendealtoutonetoeachperson,facedown,soonlyyouknowyourcolor…)•Youmusteachwritedownhowmuchmoneytogivetoeachcolor($50,$30,$20),andyougetpaidonlyifeachofyouassignsthesamevaluetoeachc
7、olor.•YouareBlue.•Writedownhowmucheachcolorshouldget.54’.Chooseadistribution(Schelling)•Sameastheprevioustask,($50,$30,$20),exceptinsteadofcolors,thethreeplayersaredesignatedbyrandomlyassignedletters,A,B,C.•YouareB.•Writedownhowmucheachlettershouldget.6What’sgoingon?•Bargaining(espec
8、iallywithsim