ON ULTIMATUM BARGAINING EXPERIMENTS - A PERSONAL REVIEW

This review of ultimatum bargaining experiments concentrates on studies in which the author was actively involved, The basic game situation is either the ultimatum game or multiperiod-ultimatum bargaining. We outline a behavioral theory of ultimatum bargaining based on a dynamic reasoning process. The stages of this process specify either an intention generator and its corresponding intention filter or, as the final step, an ex post-evaluation of the actual behaviour. In our concluding remarks the merits of behavioral theories versus rational choice-explanations are elaborated.