Encyclopedia of Personality and Individual Differences

Living Edition
| Editors: Virgil Zeigler-Hill, Todd K. Shackelford

Ultimatum Game

  • Mascha van ‘t WoutEmail author
  • Johannes Leder
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-28099-8_880-1

Synonyms

Definition

The Ultimatum Game is an experimental paradigm used in behavioral economics. In the Ultimatum Game, two anonymous participants (referred to as players), who typically have never met before, are randomly assigned to either the role of proposer or responder. The proposer receives a predetermined endowment from the experimenter and then has to decide how to split this endowment in any way they like between themselves and the responder. The responder then decides to accept or reject the proposed split. If the responder accepts the offer, the endowed amount is split according to the proposers’ suggested division; if the responder rejects the offer, neither the proposer nor the responder receives any money. Both players are informed about these rules prior to the start of the game, and thus, both players know the consequences when the responder accepts or rejects.

Introduction

Bargaining situations such as those in the...

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Department of Psychiatry and Human BehaviorAlpert Medical School of Brown UniversityProvidenceUSA
  2. 2.Institute of PsychologyUniversity of BambergBambergGermany

Section editors and affiliations

  • Patrizia Velotti
    • 1
    • 2
  1. 1.Department of Educational SciencesUniversity of GenoaGenoaItaly
  2. 2.Sapienza University of RomeRomeItaly