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.

Psychological aspects, Motivation (Psychology), Games

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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.

Analysis, Economic aspects, Game theory

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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.

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