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%)