Exploring Ultimatum Game. On the Irrational Nature of Human Decision-Making

Essay from the year 2016 in the subject Business economics - General, grade: 1.7, Rhine-Waal University of Applied Sciences (Communication and Environment), language: English, abstract: This work is concerned with human irrationality, more specifically with the situation of ultimatum game within game theory.

Experimental economics reports evidence of human irrationality, debates on which are of hig...