Responder behavior in ultimatum offer games with incomplete information

Article Abstract:

Ultimatum offer games with incomplete information wherein a chance move determines a monetary amount which has to be distributed among players, referred to as proposer and responder, are analyzed. The analysis focuses on responder decisions on two distinct levels, namely by pointing out quite precisely formulated regularities regarding overall behavior and by outlining a rough theory based on what some subjects have in common and others do not. The importance of social motivations including absolute and relative money, equality, revenge, self-esteem, malevolence and avoidance of potentially unfair punishment is discussed.

Social aspects, Models, Negotiation, Negotiations, Motivation (Psychology)

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Risks, complexity, and deviations from expected-value maximization: results of a lottery choice experiment

Article Abstract:

Expected monetary value is seen as an important factor when subjects are selecting lotteries.

Economics, Research and Development in the Social Sciences and Humanities, Amusement and recreation, not elsewhere classified, Lotteries, Other Gambling Industries, Risk assessment, Economic aspects

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Informational cascades in the laboratory: do they occur for the right reasons?

Article Abstract:

Research into informational cascades is presented.

Decision-making, Decision making

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