Carpenter, Jeffrey; Matthews, Peter - In: Theory and Decision 58 (2005) 4, pp. 351-385
ultimatum game in which players can adopt conditional (on their induced aspirations) strategies. Copyright Springer 2005 …Aspiration-based evolutionary dynamics have recently been used to model the evolution of fair play in the ultimatum … game showing that incredible threats to reject low offers persist in equilibrium. We focus on two extensions of this …