Search results
We did not find results for: ultimatum game.
Check spelling or type a new query.
We did not find results for: ultimatum game.
Check spelling or type a new query.
Strategic game that has become a popular instrument of economic experiment
The ultimatum game is a game that has become a popular instrument of economic experiments. An early description is by Nobel laureate John Harsanyi in 1961. One player, the proposer, is endowed with a sum of money. The proposer is tasked with splitting it with another player, the responder (who knows what the total sum is). Once the proposer communicates their decision, the responder may accept it ... Wikipedia