A cash effect in ultimatum game experiments

Junyi Shen and Hiromasa Takahashi

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2013, vol. 47, issue C, 94-102

Abstract: This paper reports two experiments involving an ultimatum game, conducted in Japan. There were two treatments in each experiment, which we call the cash session and the point session. The cash session involves introducing cash into the procedure of the experiments. In other words, in a cash session, subjects made decisions while holding cash in their hands, versus having points or tokens as in most prior experiments. We found that, compared to the point sessions, proposers offered more and responders rejected less frequently in the cash sessions. This is evidence that a cash effect exists in ultimatum game experiments.

Keywords: Cash effect; Ultimatum game; Cost-loss discrepancy; Experimental design (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1053535713001364
Full text for ScienceDirect subscribers only

Related works:
Working Paper: A Cash Effect in Ultimatum Game Experiments (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:47:y:2013:i:c:p:94-102

DOI: 10.1016/j.socec.2013.09.005

Access Statistics for this article

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Pablo Brañas Garza

More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier
Bibliographic data for series maintained by Catherine Liu ().