How Ultimatum Offers Emerge: A Study in Bounded Rationality

The general framework of decision emergence (Güth, 200a) is applied to the specific decision task of a proposer in ultimatum bargaining, i.e. to choosing how much the responder should be offered. For this purpose the "Master Module" as well as its submodules "New Problem Solver", "Adaption Procedure" and "Learning" have to be specified for the task at hand. This illustrates the applicability of the general framework of boundedly rational decision emerge.