Let me sleep on it: Delay reduces rejection rates in ultimatum games
AbstractDelaying acceptance decisions in the Ultimatum Game drastically increases acceptance of low offers. While in treatments without delay less than 20% of low offers are accepted, 60-80% are accepted as we delay the acceptance decision by around 10Â min.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 111 (2011)
Issue (Month): 2 (May)
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Web page: http://www.elsevier.com/locate/ecolet
Ultimatum Bargaining Experiments;
Other versions of this item:
- Grimm Veronika & Mengel Friederike, 2010. "Let me sleep on it: Delay reduces rejection rates in Ultimatum Games," Research Memorandum 017, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
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