Ultimatum bargaining: Algorithms vs. Humans

C-Tier
Journal: Economics Letters
Year: 2024
Volume: 244
Issue: C

Authors (4)

Ozkes, Ali I. (SKEMA Business School) Hanaki, Nobuyuki (Osaka University) Vanderelst, Dieter (not in RePEc) Willems, Jurgen (not in RePEc)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study human behavior in ultimatum game when interacting with either human or algorithmic opponents. We examine how the type of the AI algorithm (mimicking human behavior, optimising gains, or providing no explanation) and the presence of a human beneficiary affect sending and accepting behaviors. Our experimental data reveal that subjects generally do not differentiate between human and algorithmic opponents, between different algorithms, and between an explained and unexplained algorithm. However, they are more willing to forgo higher payoffs when the algorithm’s earnings benefit a human.

Technical Details

RePEc Handle
repec:eee:ecolet:v:244:y:2024:i:c:s0165176524004634
Journal Field
General
Author Count
4
Added to Database
2026-01-25