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Ultimatum Game - Economics Dictionary of Arguments | |||
Ultimatum game: The ultimatum game is a two-player economic experiment where one player proposes how to split a sum of money, and the second player can either accept or reject the offer. If rejected, neither player receives anything. It explores fairness, social norms, and rational decision-making in human interactions. See also Fairness, Experiments. _____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Surowiecki, James | Ultimatum Game | Surowiecki, James | |
Ed. Martin Schulz, access date 2024-03-28 |