Bargaining Outside the Lab – A Newspaper Experiment of a Three-Person Ultimatum Game
Werner Güth (),
Carsten Schmidt and
Matthias Sutter ()
Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group
In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external validity of student behavior (inside and outside the lab). We find that older participants and women care more about equal distributions and that Internet users are more self-regarding than those using mail or fax. Decisions made by students in the lab are rather similar to those made by students in the newspaper experiment. Furthermore, student behavior is not different from non-student behavior when the same age group is considered, indicating a high degree of external validity of student data.
Keywords: ultimatum bargaining; newspaper experiment; Internet experiment (search for similar items in EconPapers)
JEL-codes: C72 C93 D63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-exp, nep-gth, nep-mic and nep-net
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Journal Article: Bargaining outside the lab - a newspaper experiment of a three-person ultimatum game (2007)
Working Paper: Bargaining Outside the Lab - A Newspaper Experiment of a Three-Person Ultimatum Game (2005)
Working Paper: Bargaining outside the lab - a newspaper experiment of a three person-ultimatum game (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:esi:discus:2002-11
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