DEMO: What Lies Beneath Players' Non-Rationality in Ultimatum Game?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F13%3A00396810" target="_blank" >RIV/67985556:_____/13:00396810 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
DEMO: What Lies Beneath Players' Non-Rationality in Ultimatum Game?
Original language description
The rational strategy suggested by the game theory predicts a human playing Ultimatum Game (UG) would have tendency to decide in accordance with the assumption of self-interested rationality, i.e. to choose more for oneself and offer the least amount possible for co-players [2]. This ?utilitarian and gametheoretically correct ?rational behaviour is however rarely observed when experiments are conducted with human beings [1]. Long-term research in experimental economics indicates that humans do not behave as selfish as traditional economics assume them to do. In UG, human-responders reject offers they find too low while human-proposers often offer more than the smallest amount. An intuitively plausible interpretation of this phenomenon is that responders would rather give up some profit than be treated unfairly. This ?non-rational behaviour provides an insight into human?s motivation as a social being. The work challenges this view and insists on human rationality.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BC - Theory and management systems
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA13-13502S" target="_blank" >GA13-13502S: Fully Probabilistic Design of Dynamic Decision Strategies for Imperfect Participants in Market Scenarios</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Preprints of the 3rd International Workshop on Scalable Decision Making held in conjunction with ECML/PKDD 2013
ISBN
978-80-903834-8-7
ISSN
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e-ISSN
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Number of pages
1
Pages from-to
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Publisher name
Institute of Information Theory and Automation
Place of publication
Prague
Event location
Prague
Event date
Sep 23, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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