Ultimatum Game Bargaining Behaviour: A Classroom Experiment

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...

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Bibliographic Details
Published in:Studies in microeconomics 2022-12, Vol.10 (2), p.178-194
Main Authors: Tetik, Metin, Tetik, Gamzegül
Format: Article
Language:English
Subjects:
Bargaining
Behavior
Cooperation
Equilibrium
Games
Students
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Summary: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
ISSN:2321-0222
2321-8398
DOI:10.1177/23210222211024432