Ultimatum Game Bargaining Behaviour: A Classroom Experiment


TETİK M., TETİK G.

Studies in Microeconomics, cilt.10, sa.2, ss.178-194, 2022 (Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 10 Sayı: 2
  • Basım Tarihi: 2022
  • Doi Numarası: 10.1177/23210222211024432
  • Dergi Adı: Studies in Microeconomics
  • Derginin Tarandığı İndeksler: Scopus
  • Sayfa Sayıları: ss.178-194
  • Anahtar Kelimeler: bargaining equilibrium, Classroom experiments, Nash bargaining solution, ultimatum bargaining games
  • Uşak Üniversitesi Adresli: Evet

Özet

This study aims to investigate the types of bargaining behaviour students have and the variables that affect these bargaining behaviours by designing an ultimatum bargaining game in the classroom environment (during the real exam). The experimental group consists of 202 students who took the spring term economics final exam. The strategic interaction between students was formulated as a two-person bargaining problem. A cooperative solution was based on the Nash solution also obtained for bargaining problem among students. The findings of this study show that the highest bargaining equilibrium in this game is the equilibrium status based on the Nash solution. Moreover, we concluded that the success of the economy course and the grade-level affect the students’ behaviour according to the equilibrium strategy based on the Nash solution. JEL Classifications: C90, C70, C78, C57