The ultimatum game: raising the stakes
Article Abstract:
The motivation of players in large stake games is studied. A questionnaire is given to respondents for games involving stakes from $10 to $10,000. About 16% showed selfish motives and the remaining showed concern on the relative payoffs. However, there were some indications that concern with relativities was not as strong for ultimate games with large stakes.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
On ultimatum bargaining experiments - a personal review
Article Abstract:
A review is done on ultimatum bargaining experiments involving the simple ultimatum game and multiple-ultimatum bargaining. A behavioral theory of ultimatum bargaining derived from a dynamic reasoning process with many stages is presented. An intuitive hierarchy of 'intention generators' and 'intention filters' for ultimate bargaining are specified.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
An experimental investigation of ultimatum games: information, fairness, expectations, and lowest acceptable offers
Article Abstract:
The hypotheses on the failure of subgame-perfect equilibrium models accounting for behavior in ultimate games is tested by designing two laboratory experiments. Information to respondents was varied in the first experiment. The second experiment showed that free money was occasionally rejected.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Maximum likelihood estimation of the nonlinear rational expectations asset pricing model. Consumption asset pricing with stable shocks-exploring a solution and its implication for mean equity returns
- Abstracts: An experimental examination of demand reduction in multi-unit versions of the uniform-price, vickrey, and English auctions
- Abstracts: Patent litigation as an information-transmission mechanism. Self-fulfilling currency crises: the role of interest rates
- Abstracts: Revisiting the line-of-business restrictions. Monopoly and the problem of the economists. Sibling rivalry: the competition among the Baby Bells
- Abstracts: The agenda for growth theory: a different point of view. Savings and economic growth in neoclassical theory. Moving targets: the multifarious world of Paolo Sylos Labini