In this paper we propose to account for the observed behavior of players in the Ultimatum Game by a new thesis. According to this, players are motivated by both fairness and self-regarding concerns in this game, but they do not have at their disposal a principle that could trade-off one...

This paper forwards a new way of accounting for the experimental evidence related to the Ultimatum Game. We argue that players in this game have reasons to be both fair and self-interested, but the balance between these two considerations cannot be expressed in terms of a tradeoff. We test our...