A New Solution Concept for the Ultimatum Game leading to the Golden Ratio
Abstract The Ultimatum Game is a paradigmatic two-player game. A proposer can offer a certain fraction of some valuable good. A responder can accept the offer or reject it, implying that the two players receive nothing. The only subgame-perfect Nash equilibrium is to only offer an infinitesimal amou...
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| Formato: | article |
| Lenguaje: | EN |
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Nature Portfolio
2017
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| Acceso en línea: | https://doaj.org/article/9eaf34473cbd4f7590f224e767382838 |
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