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.
Bargaining situations such as those in the...
KeywordsUltimatum Game Dictator Game Proposer Behavior Total Endowment Social Interactive Decision-making
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