Autori
Brenner, Thomas
Vriend, Nicolaas J.

Titolo
On the Behavior of Proposers in Ultimatum Games
Periodico
Università degli studi di Trento. CEEL - Computable and Experimental Economics Laboratory. Working papers
Anno: 2003 - Fascicolo: 4 - Pagina iniziale: 1 - Pagina finale: 20

We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show experimentally that proposers do not learn to make the expected-payoff-maximizing offer. Second, considering a range of learning theories (from optimal to boundedly rational), we explain that this is an inherent feature of the learning task faced by the proposers, and we provide some insights into the actual learning behavior of the experimental subjects. This explanation for the lack of convergence to the subgame perfect Nash equilibrium in ultimatum games complements most alternative explanations.



Testo completo: http://eprints.biblio.unitn.it/archive/00000544/

Esportazione dati in Refworks (solo per utenti abilitati)