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Let me sleep on it: Delay reduces rejection rates in ultimatum games

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  • Grimm, Veronika
  • Mengel, Friederike

Abstract

Delaying 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 Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 111 (2011)
Issue (Month): 2 (May)
Pages: 113-115

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Handle: RePEc:eee:ecolet:v:111:y:2011:i:2:p:113-115

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Ultimatum Bargaining Experiments;

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References

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  1. David Cooper & E. Dutcher, 2011. "The dynamics of responder behavior in ultimatum games: a meta-study," Experimental Economics, Springer, vol. 14(4), pages 519-546, November.
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Cited by:
  1. Federica Alberti & Sven Fischer & Werner Güth & Kei Tsutsui, 2013. "Concession Bargaining - An Experimental Comparison of Protocols and Time Horizons," Jena Economic Research Papers 2013-052, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  2. Fabio Galeotti, 2013. "An Experiment on Waiting Time and Punishing Behavior," Economics Bulletin, AccessEcon, vol. 33(2), pages 1383-1389.
  3. Cappelletti, Dominique & Güth, Werner & Ploner, Matteo, 2011. "Being of two minds: Ultimatum offers under cognitive constraints," Journal of Economic Psychology, Elsevier, vol. 32(6), pages 940-950.
  4. Cappelen, Alexander W. & Nielsen, Ulrik H. & Tungodden, Bertil & Tyran, Jean-Robert & Wengström, Erik, 2014. "Fairness is intuitive," Discussion Paper Series in Economics 9/2014, Department of Economics, Norwegian School of Economics.
    • Alexander W. Cappelen & Ulrik H. Nielsen & Bertil Tungodden & Jean-Robert Tyran & Erik Wengström, 2014. "Fairness is Intuitive," Discussion Papers 14-10, University of Copenhagen. Department of Economics.
  5. Neo, Wei Siong & Yu, Michael & Weber, Roberto A. & Gonzalez, Cleotilde, 2013. "The effects of time delay in reciprocity games," Journal of Economic Psychology, Elsevier, vol. 34(C), pages 20-35.
  6. Werner Güth & Martin G. Kocher, 2013. "More than thirty years of ultimatum bargaining experiments: Motives, variations, and a survey of the recent literature," Jena Economic Research Papers 2013-035, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  7. Paolo Crosetto & Werner Güth & Luigi Mittone & Matteo Ploner, 2012. "Motives of Sanctioning: Equity and Emotions in a Public Good Experiment with Punishment," Jena Economic Research Papers 2012-046, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  8. Cardella, Eric & Chiu, Ray, 2012. "Stackelberg in the lab: The effect of group decision making and “Cooling-off” periods," Journal of Economic Psychology, Elsevier, vol. 33(6), pages 1070-1083.

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