Master of Science (MSc)
Faculty of Science
Dr. Marc Kilgour
Aspects of behavioral decision-making can be integrated into game-theoretic models of two-player bargaining using finite automata which can represent bargaining strategies in combination with various behavioral traits. The automata are used as bargaining agents who must jointly agree upon a fixed allocation of transferable utility in an infinite-horizon Rubinstein bargaining game. At each turn, the automata are given the opportunity to accept a proposed portion of the transferable utility, or to reject the proposal and make a counter-offer of their own. A round-robin tournament and ecological simulations were run to explore strategic dominance under different conditions. Principles of bargaining strategy were discussed and future fields of research explored.
Bell, Jim, "Rationality in Bargaining by Finite Automata" (2019). Theses and Dissertations (Comprehensive). 2220.