Ultimatum

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Muhsin Halis

davranıs bilimleri

Entretenimiento y humor Tecnología

Ultimatum Game ,[object Object],[object Object],[object Object],[object Object],[object Object]

What do game theorists say? ,[object Object],[object Object],[object Object],[object Object]

Experimental data is inconsistent ! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Güth et el. Experiment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Kahneman,Knetch,Thaler (1986b) investigated two questions ,[object Object],[object Object],[object Object],[object Object],[object Object]

Details of second experiment. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Some background ,[object Object],[object Object],[object Object],[object Object],[object Object]

Assumptions of the model ,[object Object],[object Object],[object Object],[object Object],[object Object]

Expected payoff for a player using S1=(p1,q1) against a player using S2 = (p2,q2) ,[object Object],[object Object],[object Object],[object Object]

In the mini game with only two possible offers l, h : 0< l < h < 1/2 ,[object Object],[object Object],[object Object],[object Object],[object Object]

Their claim is that : reason dominates fairness ,[object Object],[object Object],[object Object],[object Object]

Role of information: accepting low offer affects reputation ,[object Object],[object Object],[object Object],[object Object]

Having some information this time fairness dominates

Full game : continuum of all strategies ,[object Object],[object Object],[object Object],[object Object]

How about some Information ? ,[object Object],[object Object],[object Object],[object Object]

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Ultimatum

4. Analyzed data by Spiegel et al. (1994)

6. Experiment 1

7. Experiment 2

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18. Having some information this time fairness dominates

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Ultimatum

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Ultimatum