Reciprocity models revisited: intention factors and reference values
Publication date
2024-05-21
Document type
Forschungsartikel
Author
Organisational unit
Publisher
Springer
Series or journal
International Journal of Game Theory
ISSN
Periodical volume
53
Periodical issue
2
First page
299
Last page
324
Peer-reviewed
✅
Part of the university bibliography
✅
Language
English
Abstract
We present a test of the two most established reciprocity models, an intention factor model and a reference value model. We test characteristic elements of each model in a series of twelve mini-ultimatum games. Results from online experiments show major differences between actual behavior and predictions of both models: the distance of actual offers to the proposed reference value provides a poor measure for the kindness of offers, while a comparison of offers with extreme offers as suggested by the intention factor model makes offers indiscriminable in richer settings. We discuss possible combinations of both models better describing our observations.
Description
This article is licensed under a Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/).
Version
Published version
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