Formal specification of holiday gift exchange proves termination and counts trajectories; simulations find social costs reduce stealing 27-48% while partial information slightly increases it and correlated valuations amplify competition.
The deadline effect in bargaining: Some experi- mental evidence.The American Economic Review, 78(4):806–823, 1988
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Formal specification and behavioral simulation of the holiday gift exchange game
Formal specification of holiday gift exchange proves termination and counts trajectories; simulations find social costs reduce stealing 27-48% while partial information slightly increases it and correlated valuations amplify competition.