Experimental Economics

, Volume 3, Issue 1, pp 11–29

Learning to accept in ultimatum games: Evidence from an experimental design that generates low offers

Authors

  • John A. List
    • Department of EconomicsUniversity of Central Florida
  • Todd L. Cherry
    • Department of EconomicsAppalachian State University
Article

DOI: 10.1007/BF01669205

Cite this article as:
List, J.A. & Cherry, T.L. Exp Econ (2000) 3: 11. doi:10.1007/BF01669205

Abstract

Focusing on responder behavior, we report panel data findings from both low and high stakes ultimatum bargaining games. Whereas Slonim and Roth (1998) find that offers are rejected fairly equally across rounds in both low and high stakes games, we find that learning does take place, but only when there is sufficient money on the table. The disparate results can be reconciled when one considers the added power that our experimental design provides-detecting subtle temporal differences in responder behavior requires a data generation process that induces a significant number of proportionally low offers.

Keywords

bargaining gamesresponder behaviorlearning

JEL Classification

C7C9

Copyright information

© Economic Science Association 2000