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 |
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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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