What Do Bargainers' Preferences Look Like? Experiments with a Convex Ultimatum Game

@article{Andreoni2003WhatDB,
  title={What Do Bargainers' Preferences Look Like? Experiments with a Convex Ultimatum Game},
  author={J. Andreoni and M. Castillo and Ragan Petrie},
  journal={The American Economic Review},
  year={2003},
  volume={93},
  pages={672-685}
}
The ultimatum game, by its all-or-nothing nature, makes it difficult to discern what kind of preferences may be generating choices. We explore a game that convexifies the decisions, allowing us a better look at the indifference curves of bargainers while maintaining the subgame-perfect equilibrium. We conclude that bargainers' preferences are convex and regular but not always monotonic. Money-maximization is the sole concern for about half of the subjects, while the other half reveal a… Expand
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