Ultimatum Game

An Ultimatum Game is a resource allocation game in which the proposer player proposes how to divide an endowment and the decider player decides whether to accept or reject the proposal.

Context:
- It can range from (typically) being a One-Move Ultimatum Game to being a Unbounded-Moves Ultimatum Game.
- It can range from being a Real-Time Ultimatum Game to being a Delayed Ultimatum Game (humans are more willing to accept unfair games after a delay).
- …
Counter-Example(s):
- a Dictator Game.
- a Third-Party Punishment Game.
See: Behavioral Economics, Experimental Economics, 2-Player Competitive Game.

References

http://en.wikipedia.org/wiki/Ultimatum_game
- The ultimatum game is a game often played in economic experiments in which two players interact to decide how to divide a sum of money that is given to them. The first player proposes how to divide the sum between the two players, and the second player can either accept or reject this proposal. If the second player rejects, neither player receives anything. If the second player accepts, the money is split according to the proposal. The game is played only once so that reciprocation is not an issue..

(Henrich et al., 2010) ⇒ Joseph Henrich, Jean Ensminger, Richard McElreath, Abigail Barr, Clark Barrett, Alexander Bolyanatz, Juan Camilo Cardenas, Michael Gurven, Edwins Gwako, Natalie Henrich, Carolyn Lesorogol, Frank Marlowe, David Tracer, and John Ziker. (2010). “Markets, Religion, Community Size, and the Evolution of Fairness and Punishment.” In: Science, 327(5972) doi:10.1126/science.1182238