Question: Play the Ultimatum Game The ultimatum bargaining game involves two players. In the classic game, participants assume that there is a cake or pie of

Play the Ultimatum Game

The ultimatum bargaining game involves two players. In the classic game, participants assume that there is a cake or pie of Size 1 that is to be divided. Player 1 makes the first offer, which can be any number between zero and one. Player 2 can accept or reject the offer. For now, let us simply assume that the payoff each player gets is equivalent to the slice of the cake. If Player 2 rejects the offer, no one gets anything and the game is over. If Player 2 accepts, he/she gets the slice that Player 1 offered.

We are going to make the game a bit more interesting. Instead of cake or pie, we are going to use money.

(Remember that the responder can reject your offer) If I had to split $10, I would propose ___________ to myself, and the rest to the responder.

As a proposer (Remember that the responder can reject your offer)

If I had to split $100, I would propose ___________ to myself, and the rest to the responder.

As a proposer (Remember that the responder can reject your offer)

If I had to split $1,000, I would propose ___________ to myself, and the rest to the responder.

As a proposer (Remember that the responder can reject your offer) If I had to split $10,000, I would propose ___________ to myself, and the rest to the responder.

As a proposer (Remember that the responder can reject your offer) If I had to split $100,000, I would propose ___________ to myself, and the rest to the responder.

As a responder (Remember that if you reject the proposal you both get nothing) Of a total of $10, the proposer wants to keep $9 and give you $1. Do you accept or reject the proposal?

Accept

Reject

As a responder (Remember that if you reject the proposal you both get nothing) Of a total of $100, the proposer wants to keep $90 and give you $10. Do you accept or reject the proposal?

As a responder (Remember that if you reject the proposal you both get nothing)

Of a total of $1,000, the proposer wants to keep $900 and give you $100. Do you accept or reject the proposal?

Accept

Reject

As a responder (Remember that if you reject the proposal you both get nothing)

Of a total of $10,000 the proposer wants to keep $9,000 and give you $1,000. Do you accept or reject the proposal?

Accept

Reject

Accept

Reject

  1. As a responder (Remember that if you reject the proposal you both get nothing) Of a total of $100,000 the proposer wants to keep $90,000 and give you $10,000. Do you accept or reject the proposal?

    Accept

    Reject

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