Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/147472
Title: “MIRROR MIRROR ON THE WALL, THEY ARE NOT THE FAIREST OF THEM ALL”: MIRRORS INCREASE REJECTIONS IN ULTIMATUM GAMES
Authors: HENG KANG HUA, GILBERT
Issue Date: 2008
Citation: HENG KANG HUA, GILBERT (2008). “MIRROR MIRROR ON THE WALL, THEY ARE NOT THE FAIREST OF THEM ALL”: MIRRORS INCREASE REJECTIONS IN ULTIMATUM GAMES. ScholarBank@NUS Repository.
Abstract: Ultimatum game is a two party decision making in which one player (player 1) proposes a split and the other player (player 2) accepts or rejects the split. If player 2 accepts the split, both players get their respective portions of money. If player 2 rejects the split, both players get nothing. Although rationality assumptions within economics suggest that player 2 should accept all non-zero offers, various studies have documented that players reject non-zero offers. I propose and find in a laboratory experiment that increasing objective self-awareness (using a mirror) leads to an increase in rejection rates by player 2. I find marginal support that affective reactions to unfair offers and cognitive evaluations of player 2 actions might be plausible reasons for this increase in rejections.
URI: http://scholarbank.nus.edu.sg/handle/10635/147472
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