The ultimatum game is the brainchild of Israeli game theorist Ariel Rubinstein, who predicted in 1982 that a person asked to decide in such a game would choose to offer the least amount possible. This notion de
Our workhorse is the Yes-No game. Unlike in ultimatum games responders of the Yes-No games do not know the proposal when deciding whether to accept or not. We use two different amounts that can be shared (100€ and 1000€). Unlike in other experiments with the ultimatum game we find ...
Like ethnology, moral psychology or experimental economics, descriptive ethics deals with the description and explanation of normative systems. For example, experimental results exhibit certain features of moral intuitions of people: studies using the “ultimatum game” show that many people have certain...
For example, sharing with another subject, say, in an ultimatum game, is pure waste if I suspect that the other subject does not really exist, or his/her payoff does not really depend on my decision. It may thus be difficult to distinguish such mistrust from selfishness. Each case of ...
Another game, often used to examine people’s motives in resource allocation dilemmas is the ultimatum game, which adds strategic considerations to the allocation decisions. As in the dictator game, in the ultimatum game one player (the allocator) still decides how to allocate the money between ...
s Dilemma game in the box form below and explain its elements and the story behind it. Can you apply game theory to your own life? Give an example of when you thought strategically. Why would you call it strategic thinking? What is the ultimatum gam...
Answer to: Explain what the deadweight loss of a non-discriminating monopoly is using words and graphs. By signing up, you'll get thousands of...
Bang on, of course, as is everyone else who appears to be waking up and wondering what went wrong after the Old Weird Nineties (that Mumfordian ‘ignore or celebrate’ ultimatum is straight outta Cool Britannia, although much of that era was more notable for its ability to do both at ...
One of the paradigms to investigate this behavior is the dictator game (DG, Güth, 1995; Kahneman et al., 1986), a modification of the ultimatum game (UG, Güth et al., 1982). The DG (Kahneman et al., 1986) is a simple decision scenario, where a player divides an amount of money...
the cost is low enough (costs and benefits) for the effect it has on society (altruism). According to this model, people also donate if they think doing so will make them look good in the eyes of others (reputation), make them feel good (psychological benefits), align with what is ...