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RAISING THE STAKES IN THE ULTIMATUM GAME: EXPERIMENTAL EVIDENCE FROM INDONESIA
Abstract
The ultimatum game has generated considerable interest because experimental evidence strongly rejects the standard game‐theoretic predictions. A limitation to this general result is the possibility that experimental results are an artifact of small stakes. Implementing the ultimatum game in Indonesia makes it possible to raise the stakes to three times the monthly expenditure of the average participant. Even with these sizable incentives, results do not uniformly approach the sub‐game perfect, selfish outcomes. More specifically, responders become more willing to accept a given percentage offer at higher stakes, but proposer behavior is largely invariant to stake changes. (JEL C91, C78)
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Citations
Cites
On expectations and the monetary stakes in ultimatum games
Hoffman, E., McCabe, K. A., & Smith, V. L. (1996) · International Journal of Game Theory · doi:10.1007/bf02425259 · Cited by 356
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Ostrom, E. (2000) · Journal of Economic Perspectives · doi:10.1257/jep.14.3.137 · Cited by 4,195
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“Economic man” in cross-cultural perspective: behavioral experiments in 15 small-scale societies
Henrich, J., Boyd, R., Bowles, S., Camerer, C., Fehr, E., Gintis, H., McElreath, R., Alvard, M., Barr, A., Ensminger, J., et al. (2005) · Behavioral and Brain Sciences · doi:10.1017/s0140525x05000142 · Cited by 1,898
Metadata
- Authors
- Cameron, L. A.
- Venue
- Economic Inquiry
- Publisher
- Wiley
- Published
- 1999-01
- Volume
- 37
- Issue
- 1
- Pages
- 47-59
- ISSN
- 0043-3640 (ISSN-L)
- 0095-2583
- 1465-7295
- OpenAlex
- W2006081829
- Cited by
- 552
- References
- 1
- FWCI
- 60.40
- Type
- journal article
- Language
- en
- Open access
- closed
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- Cameron, L. A. (1999). RAISING THE STAKES IN THE ULTIMATUM GAME: EXPERIMENTAL EVIDENCE FROM INDONESIA. Economic Inquiry. https://doi.org/10.1111/j.1465-7295.1999.tb01415.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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