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The ultimatum game is a simple economic experiment where one player splits a sum of money with another player, who can accept or reject the offer. Learn about the game's equilibrium analysis, experimental results, cross-cultural differences, and explanations.
The Ultimatum Game, introduced by Werner Guth and colleagues (1982), is a simple, take-it-or-leave-it bargaining environment. In ultimatum experiments two people are randomly and anonymously matched, one as proposer and one as responder, and told they will play a game exactly one time.
22 mar 2024 · The ultimatum game is an experimental economics game that tests how people divide a sum of money between themselves. It reveals insights into human behavior regarding fairness, altruism, and punishment, and challenges the rational economic theory.
Learn about the ultimatum game, a sequential game in which one player proposes a division of a pie and the other can accept or reject it. Explore the social preferences and motives of participants in experiments using real money.
17 lip 2017 · The Ultimatum Game is a famous asymmetric, sequential two-player game intensely studied in Game Theory. Game Theory has become a large and powerful theoretical framework,...
27 gru 2020 · The ultimatum game is a task that allows us to test the predictions of game theoretical assumptions. In a standard ultimatum game, two players share roles as the proposer and the responder. The task is to divide a constant sum of money in a one-shot interaction.
31 sty 2018 · The Ultimatum Game is an experimental paradigm in behavioral economics that tests how people make and accept offers in a bargaining situation. Learn about the game rules, the game theoretic prediction, and the empirical findings on fairness, emotions, and social interactive decision-making.
