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 language | English |
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Pages (from-to) | 113-115 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 111 |
Issue number | 2 |
DOIs | |
Publication status | Published - May 2011 |
Keywords
- Ultimatum Bargaining
- Experiments
- ECONOMIC DECISION-MAKING
- FAIRNESS
- BEHAVIOR