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Accepting Zero in the Ultimatum Game: Selfish Nash Response?

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Author Info

  • Gianandrea Staffiero

    ()
    (Universitat Pompeu Fabra, Department of Economics and Business)

  • Filippos Exadaktylos

    ()
    (BELIS, Murat Sertel Center for Advanced Economic Studies, Istanbul Bilgi University)

  • Antonio M. Espín

    ()
    (Department of Economic Theory and Economic History, University of Granada.)

Abstract

The study shows that subjects who set their minimum acceptable offer equal to zero in an ultimatum game (UG) are the most generous dictators in a dictator game. The finding implies that interpreting indiscriminately the acceptance of low UG offers as payoff maximization can be misleading and suggests that altruism and/or the desire to maximize welfare are to a large extent behind.

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File URL: http://www.ugr.es/~teoriahe/RePEc/gra/wpaper/thepapers13_01.pdf
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Bibliographic Info

Paper provided by Department of Economic Theory and Economic History of the University of Granada. in its series ThE Papers with number 13/01.

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Length: 8 pages
Date of creation: 01 Jan 2013
Date of revision:
Handle: RePEc:gra:wpaper:13/01

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Keywords: ultimatum game; dictator game; altruism; social welfare; costly punishment; selfishness; social preferences.;

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  1. Guth, Werner & Schmittberger, Rolf & Schwarze, Bernd, 1982. "An experimental analysis of ultimatum bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 367-388, December.
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  15. Pablo Brañas-Garza & Ramón Cobo-Reyes & Almudena Domínguez, 2005. ""Si él lo necesita": Gypsy fairness in Vallecas," ThE Papers 05/02, Department of Economic Theory and Economic History of the University of Granada..
  16. Filippos Exadaktylos & Antonio M. Espin & Pablo Branas-Garza, 2012. "Experimental Subjects are Not Different," Working Papers 12-11, Chapman University, Economic Science Institute.
  17. Jordi Brandts & Gary Charness, 2011. "The strategy versus the direct-response method: a first survey of experimental comparisons," Experimental Economics, Springer, vol. 14(3), pages 375-398, September.
  18. Mitzkewitz, Michael & Nagel, Rosemarie, 1993. "Experimental Results on Ultimatum Games with Incomplete Information," International Journal of Game Theory, Springer, vol. 22(2), pages 171-98.
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