Recent research has shed light on the effect of cognitive ability on economic decision-making. By measuring cognitive ability using Raven's progressive matrix test, we investigate this effect on human behavior in two types of experimental ultimatum games. We obtain two significant results....

What is considered to be fair depends on context. Using a modified version of the Ultimatum Game, we demonstrate that both fair behavior and perceptions of fairness depend upon beliefs about what one ought to do in a situation - that is, upon normative expectations. We manipulate such...

Anticipated verbal feedback in a dictator game has been shown to induce altruistic behavior. However, in the ultimatum game which, apart from generosity, entails a strategic component since a proposer may (rightly) fear that the responder will reject a low offer, it remains an open question...