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Age Differences In Economic Decisions: A New Ultimatum Game

Wang, Jiaxi
http://rave.ohiolink.edu/etdc/view?acc_num=bgsu1372532918

Abstract Details

2013, Master of Arts (MA), Bowling Green State University, Psychology/Developmental.
Due to its simplicity, the classic ultimatum game has been widely adopted by researchers in economic decision making. However, as a tradeoff of its simplicity, the classic two-player ultimatum game bears some limitations. A new two-proposer (one fair, one unfair) game was created to address these limitations. Forty younger (18-30) and forty older (60 or above) adults participated in this study. It was found that some participants chose to maximize their gain while many others chose to accept offers from a specific proposer, even at the expense of lower profit. Furthermore, a novel construct of Fairness Sensitivity (FS) was created to assess the participants' sensitivity to fairness. Positive linear relationship was found between the participants' FS scores and their acceptance rates of the fair proposer during the game trials when the other proposer made better offers. Lastly, no age difference was observed in participants' fairness sensitivity scores and their acceptance rate of the fair proposer.
Yiwei Chen (Advisor)
Richard Anderson (Committee Member)
Steve Jex (Committee Member)
45 p.
Developmental Psychology
Aging; Decision Making; Ultimatum Game; Sensitivity to Fairness; Repeated Trials

Recommended Citations

Citations

  • Wang, J. (2013). Age Differences In Economic Decisions: A New Ultimatum Game [Master's thesis, Bowling Green State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=bgsu1372532918

    APA Style (7th edition)

  • Wang, Jiaxi. Age Differences In Economic Decisions: A New Ultimatum Game. 2013. Bowling Green State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=bgsu1372532918.

    MLA Style (8th edition)

  • Wang, Jiaxi. "Age Differences In Economic Decisions: A New Ultimatum Game." Master's thesis, Bowling Green State University, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=bgsu1372532918

    Chicago Manual of Style (17th edition)

bgsu1372532918
1,374
© 2013, all rights reserved.
This open access ETD is published by Bowling Green State University and OhioLINK.