Learning ( Not ) To Yield : An Experimental Study of Evolving Ultimatum Game Behavior

Abstract

Whether behavior converges toward rational play or fair play in repeated ultimatum games depends on which player yields first. If responders concede first by accepting low offers, proposers would not need to learn to offer more, and play would converge toward unequal sharing. By the same token, if proposers learn fast that low offers are doomed to be… (More)

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