, Volume 2, Issue 2, pp 258-268,
Open Access This content is freely available online to anyone, anywhere at any time.
Date: 12 Apr 2012

Replicator Dynamics of Symmetric Ultimatum Game

Abstract

We construct a symmetric version of the ultimatum mini game and analyze the stability of its equilibria in the replicator dynamics. We show that the mere symmetry does not lead to a unique social norm consistent with the observed experimental results. Moreover, the average offer in the population has to be lower than 50 % in order to have one of the equilibria consistent with the experimental data.