Werner Güth's ultimatum game played a key role in the development of multiple research areas, several of which are highlighted.

The effect of unilateral and mutual partner selection in the context of prisoner's dilemmas is examined. Participants played simultaneously several finitely repeated, two-person prisoner's dilemma games. Results show that unilateral choice leads to lower defection and fewer exits than mutual...

We analyze a bargaining protocol recently proposed in the literature vis-à-vis unconstrained negotiation. This new mechanism extracts “gains from trade” inherent in the differing valuation of two parties towards various issues where conflict exists. We assess the role of incomplete vs....

The authors report and compare results from several different versions of an experimental interactive guessing game first studied by R. Nagel (1995), which they refer to as the 'beauty contest' game following J. M. Keynes (1936). In these games, groups of subjects are repeatedly asked to...