Most economic models are based on the self-interest hypothesis that assumes that material
self-interest exclusively motivates all people. Experimental economists have gathered …

In the ultimatum game, two people need to agree on the division of a sum of money. People
usually divide money equally for the sake of fairness, and prefer to suffer financial losses …

Take-it or leave-it offers are probably as old as mankind. Our objective here is, first, to
provide a, probably subjectively colored, recollection of the initial ultimatum game …

This book represents a considerable revision and expansion of Public Choice II (1989). As
in the previous additions, all of the major topics of public choice are covered. These include …

BECAUSE PSYCHOLOGY systemati-cally explores human judgment, behavior, and well-
being, it can teach us important facts about how humans differ from the way tlhey are …

Many experimental studies indicate that people are motivated by reciprocity. Rabin [Amer.
Econ. Rev. 83 (1993) 1281] develops techniques for incorporating such concerns into game …

A substantial number of people exhibit social preferences, which means they are not solely
motivated by material self‐interest but also care positively or negatively for the material …

Elucidating how inequity aversion (a tendency to dislike and correct unequal outcomes)
functions as one develops is important to understanding more complex fairness …

In the Ultimatum Game, two players are offered a chance to win a certain sum of money. All
they must do is divide it. The proposer suggests how to split the sum. The responder can …

Most economic models are based on the self-interest hypothesis that assumes that all
people are exclusively motivated by their material self-interest. In recent years experimental …