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Ultimatum Game Bargaining Behaviour: A Classroom Experiment

Metin Tetik and Gamzegül Tetik

Studies in Microeconomics, 2022, vol. 10, issue 2, 178-194

Abstract: 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

Keywords: Classroom experiments; ultimatum bargaining games; bargaining equilibrium; Nash bargaining solution (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1177/23210222211024432

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