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Bargaining Outside the Lab - A Newspaper Experiment of a Three-Person Ultimatum Game

  • Carsten Schmidt
  • Matthias Sutter
  • Werner Güth

    ()

In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external validity of student behavior (inside and outside the lab). We find that older participants and women care more about equal distributions and that Internet users are more self-regarding than those using mail or fax. Decisions made by students in the lab are rather similar to those made by students in the newspaper experiment. Furthermore, student behavior is not different from non-student behavior when the same age group is considered, indicating a high degree of external validity of student data.

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Paper provided by Max Planck Institute of Economics, Strategic Interaction Group in its series Papers on Strategic Interaction with number 2006-04.

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Length: 40 pages
Date of creation: Dec 2005
Handle: RePEc:esi:discus:2006-04
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