Ultimatum game

GPTKB entity

Statements (37)
Predicate Object
gptkbp:instanceOf game theory experiment
gptkbp:culturalVariations yes
gptkbp:dependsOn acceptance or rejection by responder
gptkbp:field game theory
experimental economics
gptkbp:hasApplication cross-cultural studies
neuroeconomics
negotiation research
gptkbp:hasConcept altruism
bargaining
punishment
fairness
rationality
social preferences
gptkbp:hasRole proposer
responder
https://www.w3.org/2000/01/rdf-schema#label Ultimatum game
gptkbp:ifOfferAccepted split as proposed
gptkbp:ifOfferRejected both get nothing
gptkbp:introducedIn 1982
gptkbp:inventedBy Werner Güth
gptkbp:numberOfPlayers 2
gptkbp:opposedBy pure rational self-interest
gptkbp:proposerAction offers a split of a sum
gptkbp:relatedTo gptkb:dictator_game
gptkb:trust_game
public goods game
gptkbp:responderAction accepts or rejects the offer
gptkbp:socialMedia Wikipedia:Ultimatum_game
gptkbp:studiesShow people often reject low offers
gptkbp:typicalOffer 40-50% of total sum
gptkbp:typicalRejectionThreshold 20-30% of total sum
gptkbp:usedIn behavioral economics
neuroscience
psychology
gptkbp:bfsParent gptkb:Subgame_Perfect_Equilibrium
gptkbp:bfsLayer 7