This paper studies how children learn to bargain. We performed simple anonymous bargaining experiments with real … payoffs with 256 children from age 8 to 18. On average, offers by even the youngest children were close to optimal, given the … responses. Both offers and responses were similar to the results that others have reported for adults. Younger children showed …

. Children's choices are consistent with the underweighting of low-probability events and the overweighting of high …

We study the development of bargaining behavior in children age seven through 18, using ultimatum and dictator games … changes in preferences for fairness, rather than bargaining ability. Younger children make and accept smaller ultimatum … proposals than do older children, Even young children are quite strategic in their behavior, making much smaller dictator than …