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Understanding the Ultimatum Game Dynamics by Parisa Minouchehr is a document available to read on EtoBox.
What is Understanding the Ultimatum Game Dynamics about?
- The ultimatum game involves two players dividing a fixed amount, with the first player proposing a division and the second deciding whether to accept or reject, forfeiting the amount if rejected. - Early experiments found people offered on average 40-50% of the amount, rejecting unfair offers, inconsistent with rational self-interest predictions. - Subsequent research explored factors like fairness preferences, fear of rejection, and how information and ability to punish impacts behavior. Overall, res
- Author
- Parisa Minouchehr
- Language
- EN