An experimental investigation of ultimatum games: information, fairness, expectations, and lowest acceptable offers

Authors :: Straub, Paul G.
Murnighan, J. Keith
Source :: Journal of Economic Behavior & Organization. August, 1995, Vol. 27 Issue 3, p345, 20 p.
Publication Year :: 1995
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.

Subjects :: Ultimatums -- Research
Negotiation -- Research
Business
Economics

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