Game Theory
Öz
One of the models used in game theory is the ultimatum
game, which has frequently been resorted to in the examination
of economic decision-making mechanisms in the behavioral sciences.
Since Adam Smith, traditional economic theory has acknowledged
that individual agents focus more on expected utility in the
decision-making process. However, many case studies conducted
by using ultimatum game theory have demonstrated that many individuals preferred to act with considerations such as fairness,
rather than maximizing expected utility in the economic decision-
making process. The purpose of this study is to examine the
perception of fairness in the ultimatum game, as well as determining
the factors, which have an overall impact on the economic
behavior.
Anahtar Kelimeler
Game theory,ultimatum game,economic decision- making,fairness
Kaynakça
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