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Evaluating Substantive and Procedural Fairness in the Ultimatum Game
The ultimatum game can be evaluated using the criteria of both substantive and procedural fairness. While the experimental rules are typically seen as procedurally fair, the substantive fairness of an allocation is determined by the actual division of the 'pie'. This depends on the offer made by the Proposer and whether it is accepted by the Responder(s).
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Introduction to Microeconomics Course
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CORE Econ
Ch.5 The rules of the game: Who gets what and why - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
Related
Global Application of the Ultimatum Game Across Diverse Groups
Setup of the Ultimatum Game Experiment
A $35 Offer in the Ultimatum Game
Economic Rent in the Ultimatum Game
Simplified Ultimatum Game with Two Offers
Strategic Considerations in the General Ultimatum Game
Determinants of Ultimatum Game Outcomes
Labor Strikes as a Real-World Ultimatum Game
Using the Ultimatum Game to Study Social Preferences and Rent Sharing
Ultimatum Game with Competing Responders
The Take-it-or-Leave-it Rule and Proposer's Bargaining Power
Responder's Veto Power as a Limit on Proposer's Bargaining Power
The Labor Market Hiring Process as an Ultimatum Game
Evaluating Substantive and Procedural Fairness in the Ultimatum Game
In a one-shot ultimatum game involving a $100 prize, which of the following scenarios presents the biggest challenge to the assumption that individuals act purely out of self-interest to maximize their own financial gain?
Analyzing a Seemingly Irrational Economic Decision
A two-person game is structured as follows: Player 1 (the Proposer) is given a sum of money and must offer a portion of it to Player 2 (the Responder). The Responder can then either accept the offer, in which case the money is split as proposed, or reject it, in which case both players receive nothing. Arrange the following events of a single round of this game in the correct chronological order.
According to a model where individuals are assumed to be perfectly rational and motivated solely by self-interest, a Responder in the ultimatum game should reject any offer they perceive as unfair, even if it is greater than zero.
Strategic Decision-Making in a Bargaining Scenario
Match each role or outcome in the ultimatum game with its corresponding description.
Analyzing the Proposer's Strategy in a Bargaining Game
Evaluating the Impact of Intentionality on Bargaining Outcomes
Analyzing the Impact of Competition on Bargaining Outcomes
Interpreting Experimental Bargaining Results
Defining the Rules of the Ultimatum Game
Functions of Pirate Institutions as 'Rules of the Game'
Learn After
Procedural Fairness in the Ultimatum Game vs. the Real Economy
Analyzing Fairness in an Economic Game
In a standard one-shot ultimatum game with a $100 prize, the Proposer offers the Responder $5. The Responder rejects the offer, and as a result, both players receive $0. Which statement best analyzes the fairness of this situation?
Critique of Fairness in an Economic Interaction
Distinguishing Types of Fairness in an Economic Game
An economic game involves a 'Proposer' who suggests how to split $100 with a 'Responder'. The Responder can accept the split, or reject it, in which case neither person gets any money. Match each evaluative question below to the specific concept of fairness it addresses.
True or False: In an economic interaction where one person proposes how to divide a sum of money and a second person can only accept or reject the proposal (with rejection meaning neither person receives anything), the fact that the rules are transparent and applied equally to all participants is sufficient to guarantee that any final division of the money is also fair.
Evaluating Fairness in a Merit-Based Economic Interaction
Designing an Unfair Procedure
Modifying an Economic Game to Enhance Fairness
In an economic interaction, a 'Proposer' is given $100 and must suggest a division of the money with a 'Responder'. The Responder can either accept the proposed division, in which case the money is split as suggested, or reject it, in which case neither person receives any money. The rules are known to both participants in advance. The Proposer offers $1 to the Responder, and the Responder accepts. Which statement best analyzes the fairness of this situation?
Influence of Coercion on the Perception of a Fair Outcome
Substantive Fairness in the Ultimatum Game