How Werner Güth’s ultimatum game shaped our understanding of social behavior Academic Article uri icon

abstract

  • The ultimatum game (UG), introduced by Güth et al. (1982) in a classic article published in this Journal, depicts a two-person bargaining situation. Player 1 proposes a division of a sum of money. Player 2 observes the proposal and either accepts it, in which case payoffs will be as indicated, or rejects it, in which case the players make 0 each … This special article for the special issue honoring Werner Güth highlights research areas where this game played a key role. The topics span game theory, learning, bargaining, fairness, reciprocity, discrimination …

publication date

  • January 1, 2014