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Personality Preferences and Pre-Commitment: Behavioral Explanations in Ultimatum Games

Author

Listed:
  • Pamela M. Schmitt

    (U. S. Naval Academy)

  • Robert S. Shupp

    () (Department of Economics, Ball State University)

  • Kurtis J. Swope

    () (U. S. Naval Academy)

  • Justin Mayer

    (U. S. Naval Academy)

Abstract

This paper uses responder pre-commitment and psychological type, as measured by the Myers- Briggs Type Indicator (MBTI), to gain insight into subject behavior in a laboratory ultimatum bargaining experiment. Three experiment design details are noteworthy: (1) one design requires responders to make a nonbinding pre-commitment rejection level prior to seeing the offer, (2) one design requires responders to make a binding pre-commitment rejection level, and (3) one design includes a third person (or “hostage”) who makes no decision, but whose payment depends on the proposal being accepted. Offers are higher when proposers know that responders make a binding pre-commitment to reject but are not different when a hostage is present. Responders make lower pre-commitments when they are binding and when a hostage is present. Behavior in our experiment is generally consistent with hypotheses based on theoretical underpinnings of the MBTI and its descriptions of psychological type.

Suggested Citation

  • Pamela M. Schmitt & Robert S. Shupp & Kurtis J. Swope & Justin Mayer, 2005. "Personality Preferences and Pre-Commitment: Behavioral Explanations in Ultimatum Games," Working Papers 200503, Ball State University, Department of Economics, revised May 2005.
  • Handle: RePEc:bsu:wpaper:200503
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    References listed on IDEAS

    as
    1. John Kagel & Katherine Wolfe, 2001. "Tests of Fairness Models Based on Equity Considerations in a Three-Person Ultimatum Game," Experimental Economics, Springer;Economic Science Association, vol. 4(3), pages 203-219, December.
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    6. Boone, Christophe & De Brabander, Bert & van Witteloostuijn, Arjen, 1999. "The impact of personality on behavior in five Prisoner's Dilemma games," Journal of Economic Psychology, Elsevier, vol. 20(3), pages 343-377, June.
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    Cited by:

    1. Swope, Kurtis J. & Cadigan, John & Schmitt, Pamela M. & Shupp, Robert, 2008. "Personality preferences in laboratory economics experiments," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 998-1009, June.

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    More about this item

    Keywords

    Ultimatum game; preferences; personality;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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