Page last modified 2008-11-11

Advanced Economic Theory---Micro (Economics 326)

Results of experiment on Ultimatum Game, 2005-2-21

Procedure: Form handed out to half of class members, each of whom indicated how much she would offer, out of $5, to a responder. Forms collected and distributed to the other half of the class, each of whom indicated whether she would accept or reject the offer on her form.

Number of pairs: 27.

Amounts offered to responder: x = offer; * = rejected offer.

0.01 **
0.02 x
0.10 x
0.25 *
0.50 **
1.00 x
1.44 *
1.49 *
2.00 xxxxxx
2.01 x
2.50 xxx***
3.00 xxx*

Number of offers rejected: 11 (41%)

Average amount kept by proposer: $3.28 (66%)

Of accepted offers, average amount proposed to be kept by proposer: $3.02 (60.5%)