Let me sleep on it: Delay reduces rejection rates in ultimatum games

V. Grimm, F. Mengel

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Delaying acceptance decisions in the Ultimatum Game drastically increases acceptance of low offers. While in treatments without delay less than 20% of low offers are accepted, 60-80% are accepted as we delay the acceptance decision by around 10 min. 

Original languageEnglish
Pages (from-to)113-115
Number of pages3
JournalEconomics Letters
Volume111
Issue number2
DOIs
Publication statusPublished - May 2011

Keywords

  • Ultimatum Bargaining
  • Experiments
  • ECONOMIC DECISION-MAKING
  • FAIRNESS
  • BEHAVIOR

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