Accepting Zero in the Ultimatum Game: Selfish Nash Response?

The study shows that subjects who set their minimum acceptable offer equal to zero in an ultimatum game (UG) are the most generous dictators in a dictator game. The finding implies that interpreting indiscriminately the acceptance of low UG offers as payoff maximization can be misleading and suggests that altruism and/or the desire to maximize welfare are to a large extent behind.

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Year of publication:	2013-01-01
Authors:	Exadaktylos, Filippos ; Espín, Antonio M. ; Staffiero, Gianandrea
Institutions:	Departamento de Teoría e Historia Económica, Facultad de Ciencias Económicas y Empresariales
Subject:	ultimatum game \| dictator game \| altruism \| social welfare \| costly punishment \| selfishness \| social preferences

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Extent:	application/pdf
Series:	ThE Papers.
Type of publication:	Book / Working Paper
Notes:	Number 13/01 8 pages
Source:	RePEc - Research Papers in Economics

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