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Ultimatum Game Bargaining Behaviour: A Classroom Experiment

Author

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  • Metin Tetik
  • Gamzegül Tetik

Abstract

This study aims to investigate the types of bargaining behaviour students have and the variables that affect these bargaining behaviours by designing an ultimatum bargaining game in the classroom environment (during the real exam). The experimental group consists of 202 students who took the spring term economics final exam. The strategic interaction between students was formulated as a two-person bargaining problem. A cooperative solution was based on the Nash solution also obtained for bargaining problem among students. The findings of this study show that the highest bargaining equilibrium in this game is the equilibrium status based on the Nash solution. Moreover, we concluded that the success of the economy course and the grade-level affect the students’ behaviour according to the equilibrium strategy based on the Nash solution. JEL Classifications: C90, C70, C78, C57

Suggested Citation

  • Metin Tetik & Gamzegül Tetik, 2022. "Ultimatum Game Bargaining Behaviour: A Classroom Experiment," Studies in Microeconomics, , vol. 10(2), pages 178-194, December.
    • Handle: RePEc:sae:miceco:v:10:y:2022:i:2:p:178-194
    DOI: 10.1177/23210222211024432
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    More about this item

    Keywords

    Classroom experiments; ultimatum bargaining games; bargaining equilibrium; Nash bargaining solution;
    All these keywords.

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • C57 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Econometrics of Games and Auctions

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