ICPS
2021 APS Virtual Convention · 2021
Tolerating Unfairness: Relative Gain and Social Value Orientation Influence Choice in a Three-Player Ultimatum Game
- Sergej Grunevski
University of Kansas - Aaron Smith
University of Kansas - Richard Yi
University of Kansas
Abstract
We sought to rigorously quantify unfair offer acceptance in a 3-player ultimatum game and to specify such behavior using social value orientation. Results show that accepting unfair offers is robustly predicted by personal gain and concern for others, with the latter conditional on personal gain and social value orientation.
Decision Making