A Cash Effect in Ultimatum Game Experiments
AbstractThis paper reports two experiments involving an ultimatum game, conducted in Japan. There were two treatments in our experiments. One was called a cash session and the other was called a point session. The cash session means introducing cash into the ultimatum game. In other words, in a cash session, subjects bargained money in cash but not points or tokens as most prior experiments did. We found that compared to those in the point sessions, proposers offered more and responders rejected less in the cash sessions. These evidences imply that a cash effect does exist in the ultimatum game experiments.
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Bibliographic InfoPaper provided by Research Institute for Economics & Business Administration, Kobe University in its series Discussion Paper Series with number DP2013-13.
Length: 14 pages
Date of creation: Apr 2013
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Cash effect; Ultimatum game; Cost-loss discrepancy; Experimental design;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-04-06 (All new papers)
- NEP-CBE-2013-04-06 (Cognitive & Behavioural Economics)
- NEP-EVO-2013-04-06 (Evolutionary Economics)
- NEP-EXP-2013-04-06 (Experimental Economics)
- NEP-PBE-2013-04-06 (Public Economics)
- NEP-SOC-2013-04-06 (Social Norms & Social Capital)
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