Table 4 The values of the estimated value of k and the the best-response offer \(x_i\) at the end of each iteration of Algorithm 1
From: Fairness norm through social networks: a simulation approach
Iter. | Player | \(k_{exp}\) | \(x_i\) | Iter. | Player | \(k_{exp}\) | \(x_i\) | Iter. | Player | \(k_{exp}\) | \(x_i\) |
|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 1 | 4.15 | 5 | 2 | 1 | 4.15 | 5 | 3 | 1 | 4.15 | 4 |
2 | 3.07 | 5 | 2 | 3.11 | 4 | 2 | 3.15 | 4 | |||
3 | 3.79 | 5 | 3 | 3.79 | 4 | 3 | 3.79 | 4 | |||
4 | 2.88 | 5 | 4 | 3.00 | 4 | 4 | 3.11 | 4 | |||
5 | 4.17 | 6 | 5 | 4.17 | 5 | 5 | 4.17 | 4 |