Ultimatum game

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Work

Domain

Arts and letters

Knowledge cost

6

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What Wikipedia says

The ultimatum game is a popular experimental economics game in which two players interact to decide how to divide a sum of money, first described by Nobel laureate John Harsanyi in 1961. The first player, the proposer, proposes a division of the sum with the second player, the responder.

Excerpt from the Wikipedia article “Ultimatum game”, under the CC BY-SA 4.0 license. Read the article on Wikipedia