Fairness and the Ultimatum Game
Lecture no. 13 from the course: Unexpected Economics
Taught by Professor Timothy Taylor | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Turn your focus to the world of "laboratory economics," where game exercises like the "ultimatum game," "dictator," "punishment," "trust," "gift exchange," and others help cast fresh light on key aspects of economic behavior. Learn how perceived fairness and other motivating factors can affect real-life markets.