Institute of Information Theory and Automation

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Bibliography

Conference Paper (international conference)

DEMO: What Lies Beneath Players' Non-Rationality in Ultimatum Game?

Avanesyan Galina, Kárný Miroslav, Knejflová Zuzana, Guy Tatiana Valentine

: Preprints of the 3rd International Workshop on Scalable Decision Making held in conjunction with ECML/PKDD 2013 , Eds: Guy Tatiana V., Kárný Miroslav

: The 3rd International Workshop on Scalable Decision Making: Uncertainty, Imperfection, Deliberation held in conjunction with ECML/PKDD 2013, (Prague, CZ, 23.09.2013-23.09.2013)

: GA13-13502S, GA ČR

: Players, Non-Rationality, Ultimatum Game

: http://library.utia.cas.cz/separaty/2013/AS/karny-demo what lies beneath players non-rationality in ultimatum game.pdf

(eng): The rational strategy suggested by the game theory predicts a human playing Ultimatum Game (UG) would have tendency to decide in accordance with the assumption of self-interested rationality, i.e. to choose more for oneself and offer the least amount possible for co-players [2]. This “utilitarian” and gametheoretically correct “rational” behaviour is however rarely observed when experiments are conducted with human beings [1]. Long-term research in experimental economics indicates that humans do not behave as selfish as traditional economics assume them to do. In UG, human-responders reject offers they find too low while human-proposers often offer more than the smallest amount. An intuitively plausible interpretation of this phenomenon is that responders would rather give up some profit than be treated unfairly. This “non-rational” behaviour provides an insight into human’s motivation as a social being. The work challenges this view and insists on human rationality.

: BC

2019-01-07 08:39