Outside Options and Social Comparison in Three-Player Ultimatum Game Experiments
Abstract
We conducted ultimatum games in which a proposer offers a division of 10 to a respondent, who accepts or rejects it. If an offer is rejected, players receive a known outside option. Our proposers made simultaneous offers to two respondents, with outside options of and $4. The rate of rejected offers was higher than in similar studies, around 50%, and persisted across five trials. Outside options seem to make players "egocentrically" apply...
Paper Details
Title
Outside Options and Social Comparison in Three-Player Ultimatum Game Experiments
Published Date
Jul 1, 1995
Journal
Volume
10
Issue
1
Pages
65 - 94
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