McDonald, Ian; Nikiforakis, Nikos; Olekalns, Nilss; … - Department of Economics, Faculty of Business and Economics - 2009
We investigate reference group formation and the impact of social comparisons on ultimatum bargaining using a laboratory experiment. Three individuals compete in a real-e¤ort task for the role of the proposer in a three-player ultimatum game. The role of the responder is randomly allocated. The...