Accepting Zero in the Ultimatum Game: Selfish Nash Response?
AbstractThe 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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Bibliographic InfoPaper provided by Department of Economic Theory and Economic History of the University of Granada. in its series ThE Papers with number 13/01.
Length: 8 pages
Date of creation: 01 Jan 2013
Date of revision:
ultimatum game; dictator game; altruism; social welfare; costly punishment; selfishness; social preferences.;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-01-26 (All new papers)
- NEP-CBE-2013-01-26 (Cognitive & Behavioural Economics)
- NEP-EVO-2013-01-26 (Evolutionary Economics)
- NEP-EXP-2013-01-26 (Experimental Economics)
- NEP-GTH-2013-01-26 (Game Theory)
- NEP-HPE-2013-01-26 (History & Philosophy of Economics)
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