If you need an accessible version of this item please contact JSTOR User Support

Learning in High Stakes Ultimatum Games: An Experiment in the Slovak Republic

Robert Slonim and Alvin E. Roth
Econometrica
Vol. 66, No. 3 (May, 1998), pp. 569-596
Published by: Econometric Society
DOI: 10.2307/2998575
Stable URL: http://www.jstor.org/stable/2998575
Page Count: 28
  • Download PDF
  • Cite this Item

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support
Learning in High Stakes Ultimatum Games: An Experiment in the Slovak Republic
Preview not available

Abstract

This paper reports an experiment involving an ultimatum bargaining game, played in the Slovak Republic. Financial stakes were varied by a factor of 25, and behavior was observed both when players were inexperienced and as they gained experience. Consistent with prior results, changes in stakes had only a small effect on play for inexperienced players. But the present experimental design allows us to observe that rejections were less frequent the higher the stakes, and proposals in the high stakes conditions declined slowly as subjects gained experience. This Slovak experiment is the first to detect a lower frequency of rejection when stakes are higher and this can be explained by the added power due to multiple observations per subject in the experimental design. A model of learning suggests that the lower rejection frequency is the reason that the proposers in the higher stakes conditions of the ultimatum game learn to make lower offers.

Page Thumbnails

  • Thumbnail: Page 
569
    569
  • Thumbnail: Page 
570
    570
  • Thumbnail: Page 
571
    571
  • Thumbnail: Page 
572
    572
  • Thumbnail: Page 
573
    573
  • Thumbnail: Page 
574
    574
  • Thumbnail: Page 
575
    575
  • Thumbnail: Page 
576
    576
  • Thumbnail: Page 
577
    577
  • Thumbnail: Page 
578
    578
  • Thumbnail: Page 
579
    579
  • Thumbnail: Page 
580
    580
  • Thumbnail: Page 
581
    581
  • Thumbnail: Page 
582
    582
  • Thumbnail: Page 
583
    583
  • Thumbnail: Page 
584
    584
  • Thumbnail: Page 
585
    585
  • Thumbnail: Page 
586
    586
  • Thumbnail: Page 
587
    587
  • Thumbnail: Page 
588
    588
  • Thumbnail: Page 
589
    589
  • Thumbnail: Page 
590
    590
  • Thumbnail: Page 
591
    591
  • Thumbnail: Page 
592
    592
  • Thumbnail: Page 
593
    593
  • Thumbnail: Page 
594
    594
  • Thumbnail: Page 
595
    595
  • Thumbnail: Page 
596
    596