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equilibrium play increases from 51% in the first to 74% in the last tournament, with the equilibria that maximize joint payoff …
Persistent link: https://www.econbiz.de/10011091650
We report an experiment on two treatments of an ultimatum minigame.In one treatment, responders' reactions are hidden to proposers.We observe high rejection rates reflecting responders' intrinsic resistance to unfairness.In the second treatment, proposers are informed, allowing for dynamic...
Persistent link: https://www.econbiz.de/10011092134