000 01524nam a22002777a 4500
003 ZW-GwMSU
005 20240305124123.0
008 240305b |||||||| |||| 00| 0 eng d
022 _a00222186
040 _aMSU
_bEnglish
_cMSU
_erda
050 _aHB73 JOU
100 _aPecorino, Paul
_eauthor
245 _aFairness in an Embedded Ultimatum Game
_cby Paul Pecorino and Mark Van Boening
264 _aChicago:
_bUniversity of Chicago Press;
_c2011
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aThe Journal of Law and Economics
_vVolume 53, number 2
520 _aWe embed an ultimatum game in a stylized legal bargaining framework. This changes the framing of the standard ultimatum game in several ways but also moves the bargaining closer to what is found in some naturally occurring settings. In this context, the ultimatum game is played over the joint surplus, which is achieved from settlement rather than a dispute. In our embedded ultimatum game, the median offer contains only 8 percent of the joint surplus from settlement. When we replicate the simple ultimatum game, we find that 50 percent of the joint surplus is contained in the median offer
650 _aCentral tendencies
_vDefendants
_xFairness
650 _aNull hypothesis
_vPlaintiffs
_xRisk aversion
650 _aStatistical median
_vSurplus
_xTrials
700 _aBoening, Mark Van
_eco author
856 _uhttps://doi.org/10.1086/599622
942 _2lcc
_cJA
999 _c164110
_d164110