A Machiavellian's Guide to playing fair

  • Raymond Chan (MPI MiS, Leipzig)
A3 02 (Seminar room)


The Ultimatum Game is a prototypical example used in experimental economics to show that humans are ``irrational'' by making choices other than equilibrium solutions. Using the frame work of persona games, we introduce the fair persona and show that using this persona in the Ultimatum Game is perfectly rational.

Katharina Matschke

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