Arbeitspapier
Stakes Matter in Ultimatum Games
The canonical bargaining game in economics is the ultimatum game, played by tens of thousands of students around the world over the past three decades. In the ultimatum game, first studied by Werner Guth, Rolf Schmittberger, and Bernd Schwarze (1982), the “proposer” proposes how to split a pie between herself and a “responder.” Then the responder decides whether to accept or reject this proposal. If the responder accepts, then the proposal is implemented; otherwise, both players receive nothing. For players motivated purely by monetary considerations, the standard subgame-perfect equilibrium solution implies that the proposer receives almost all of the money. In this manner, the ultimatum game represents a stylized glimpse into the underpinnings of decision-making at the heart of economics. For instance, a monopolist setting a price, a monopsonist setting a wage, or more generally any bargaining situation that has a take it or leave it element.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working paper ; No. 1-2011
- Klassifikation
-
Wirtschaft
Game Theory and Bargaining Theory: General
Market Structure, Pricing, and Design: General
- Thema
-
game theory
decision-making
price theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Andersen, Steffen
Ertaç, Seda
Gneezy, Uri
Hoffman , Moshe
List, John A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Copenhagen Business School (CBS), Department of Economics
- (wo)
-
Frederiksberg
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Andersen, Steffen
- Ertaç, Seda
- Gneezy, Uri
- Hoffman , Moshe
- List, John A.
- Copenhagen Business School (CBS), Department of Economics
Entstanden
- 2011
Ähnliche Objekte (12)
On the stochasticity of ultimatum games
Minimally acceptable altruism and the ultimatum game
An ultimatum game with multidimensional response strategies
Distributive fairness in an intercultural ultimatum game
Mutation-selection equilibria for the ultimatum game
On the behavior of proposers in ultimatum games
Response time under monetary incentives: the ultimatum game
Ultimatum Game Behavior in a Social-Preferences Vacuum Chamber
When Culture does not matter: Experimental Evidence from Coalition Formation Ultimatum Games in Austria and Japan
Advice and behavior in intergenerational: Ultimatum games: An experimental approach
Prior dispositions and actual behavior in dictator and ultimatum games
Inequity aversion, reciprocity, and appropriateness in the ultimatum-revenge game
On the stochasticity of ultimatum games
Minimally acceptable altruism and the ultimatum game
An ultimatum game with multidimensional response strategies
Distributive fairness in an intercultural ultimatum game
Mutation-selection equilibria for the ultimatum game
On the behavior of proposers in ultimatum games
Response time under monetary incentives: the ultimatum game
Ultimatum Game Behavior in a Social-Preferences Vacuum Chamber
When Culture does not matter: Experimental Evidence from Coalition Formation Ultimatum Games in Austria and Japan
Advice and behavior in intergenerational: Ultimatum games: An experimental approach
Prior dispositions and actual behavior in dictator and ultimatum games
Inequity aversion, reciprocity, and appropriateness in the ultimatum-revenge game
On the stochasticity of ultimatum games
Minimally acceptable altruism and the ultimatum game
An ultimatum game with multidimensional response strategies
Distributive fairness in an intercultural ultimatum game
Mutation-selection equilibria for the ultimatum game
On the behavior of proposers in ultimatum games
Response time under monetary incentives: the ultimatum game
Ultimatum Game Behavior in a Social-Preferences Vacuum Chamber
When Culture does not matter: Experimental Evidence from Coalition Formation Ultimatum Games in Austria and Japan
Advice and behavior in intergenerational: Ultimatum games: An experimental approach
Prior dispositions and actual behavior in dictator and ultimatum games