Grimalda, Gianluca; Kar, Anirban; Proto, Eugenio - Volkswirtschaftliche Fakultät, … - 2006
We report results from two different settings of a 3-player ultimatum game. Under the monocratic rule, a player is randomly selected to make an offer to two receivers. Under the democratic rule, all three players make a proposal, and one proposal is then extracted. A majority vote is required to...